TeliaSonera (OTCMKTS:TLSNY) Reaches New 52-Week High – Still a Buy?

TeliaSonera AB (OTCMKTS:TLSNY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.19 and last traded at $8.12, with a volume of 50661 shares trading hands. The stock had previously closed at $8.07.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TLSNY shares. Wall Street Zen raised TeliaSonera from a “hold” rating to a “buy” rating in a research note on Wednesday, November 5th. Citigroup upgraded TeliaSonera to a “hold” rating in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, TeliaSonera presently has a consensus rating of “Moderate Buy”.

TeliaSonera Stock Performance

The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 1.45. The business has a fifty day moving average of $7.84 and a two-hundred day moving average of $7.53.

TeliaSonera (OTCMKTS:TLSNY) last issued its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.10 billion. TeliaSonera had a return on equity of 10.49% and a net margin of 5.48%. As a group, equities research analysts forecast that TeliaSonera AB will post 0.34 earnings per share for the current fiscal year.

About TeliaSonera

Telia Company AB (publ) provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. It offers mobile, broadband, television, and fixed-line services; and networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, enterprise telephony, Internet of Things (IoT), carrier ethernet, dedicated internet access, wavelengths, IP Transit, dark fiber, and colocation solutions.