Telia Company AB (publ) (OTCMKTS:TLSNY) Downgraded to “Strong Sell” Rating by Barclays

Telia Company AB (publ) (OTCMKTS:TLSNY) was downgraded by analysts at Barclays from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

TLSNY has been the topic of a number of other reports. New Street Research raised Telia Company AB (publ) to a “hold” rating in a research note on Thursday, September 26th. BNP Paribas raised Telia Company AB (publ) to a “strong-buy” rating in a research note on Monday, September 16th.

Telia Company AB (publ) Price Performance

Telia Company AB (publ) stock opened at $5.62 on Wednesday. The firm has a market cap of $11.05 billion, a P/E ratio of 25.55 and a beta of 0.47. The stock’s 50 day moving average is $6.22 and its 200 day moving average is $5.64. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.83 and a quick ratio of 0.78. Telia Company AB has a one year low of $4.34 and a one year high of $6.71.

Telia Company AB (publ) (OTCMKTS:TLSNY) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share (EPS) for the quarter. Telia Company AB (publ) had a net margin of 5.37% and a return on equity of 1.90%. The firm had revenue of $2.09 billion for the quarter. As a group, research analysts expect that Telia Company AB will post 0.39 EPS for the current year.

About Telia Company AB (publ)

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.