UBS Group downgraded shares of TeliaSonera (OTCMKTS:TLSNY – Free Report) from a strong-buy rating to a hold rating in a research note published on Tuesday,Zacks.com reports.
Separately, Wall Street Zen upgraded TeliaSonera from a “hold” rating to a “buy” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TeliaSonera has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis on TLSNY
TeliaSonera Price Performance
TeliaSonera (OTCMKTS:TLSNY – Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.10 billion. TeliaSonera had a return on equity of 10.49% and a net margin of 5.48%. Analysts expect that TeliaSonera will post 0.34 earnings per share for the current fiscal year.
About TeliaSonera
TeliaSonera (OTCMKTS:TLSNY) operates under the Telia Company brand as one of the leading telecommunications providers in the Nordic and Baltic regions. The company delivers a wide range of services, including mobile and fixed voice communications, broadband internet, television and streaming offerings, and enterprise-grade data and IP solutions. Its consumer segment focuses on mobile subscriptions, digital TV packages and home connectivity, while its business division provides managed network services, cloud platforms and Internet of Things (IoT) applications.
The roots of TeliaSonera trace back to the 19th century with Sweden’s Royal Telegraph Agency and Finland’s national carrier, Sonera.
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