Morgan Stanley Boosts Telia Company AB (publ) (OTCMKTS:TLSNY) Price Target to SEK 35

Telia Company AB (publ) (OTCMKTS:TLSNY – Get Rating) had its price objective lifted by stock analysts at Morgan Stanley from SEK 33 to SEK 35 in a note issued to investors on Friday, The Fly reports. The brokerage presently has an “underweight” rating on the technology company’s stock.

TLSNY has been the subject of a number of other research reports. Berenberg Bank raised Telia Company AB (publ) from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Barclays dropped their price target on Telia Company AB (publ) from SEK 45 to SEK 43 in a research note on Friday, April 1st. Finally, UBS Group raised Telia Company AB (publ) from a “neutral” rating to a “buy” rating in a research note on Thursday, May 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.85.

OTCMKTS TLSNY traded down $0.05 on Friday, reaching $7.51. 78,862 shares of the company’s stock traded hands, compared to its average volume of 63,020. Telia Company AB has a 12 month low of $6.76 and a 12 month high of $9.16. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.00 and a quick ratio of 0.94. The stock has a 50-day simple moving average of $8.09 and a 200 day simple moving average of $7.86. The stock has a market cap of $15.36 billion, a PE ratio of 11.21 and a beta of 0.23.

Telia Company AB (publ) (OTCMKTS:TLSNY – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The technology company reported $0.05 earnings per share for the quarter. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.28 billion. Telia Company AB (publ) had a return on equity of 15.29% and a net margin of 13.85%. As a group, analysts anticipate that Telia Company AB will post 0.33 EPS for the current year.

About Telia Company AB (publ) (Get Rating)

Telia Company AB (publ) provides communication services in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. The company offers mobile, broadband, television, and fixed-line services to businesses, individuals, families, and communities. It provides 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, colocation, and IoT connectivity solutions, as well as broadcasting and content production services, and customer financing services.

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