Telia Company AB (publ) (OTCMKTS:TLSNY) Given New SEK 29 Price Target at Morgan Stanley

Telia Company AB (publ) (OTCMKTS:TLSNYGet Rating) had its target price reduced by stock analysts at Morgan Stanley from SEK 30 to SEK 29 in a report released on Friday, The Fly reports. The brokerage presently has an “underweight” rating on the technology company’s stock.

TLSNY has been the subject of several other research reports. JPMorgan Chase & Co. decreased their price target on shares of Telia Company AB (publ) from SEK 40 to SEK 37 and set an “underweight” rating for the company in a research report on Monday, October 24th. The Goldman Sachs Group lowered shares of Telia Company AB (publ) from a “buy” rating to a “neutral” rating in a report on Wednesday, December 14th. Citigroup initiated coverage on shares of Telia Company AB (publ) in a report on Wednesday, January 4th. They issued a “sell” rating on the stock. Barclays reduced their price objective on shares of Telia Company AB (publ) from SEK 47 to SEK 41 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Telia Company AB (publ) from SEK 31 to SEK 26 in a report on Monday, October 31st. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Telia Company AB (publ) has a consensus rating of “Hold” and a consensus price target of $33.88.

Telia Company AB (publ) Stock Performance

Shares of TLSNY stock opened at $5.33 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 1.01. Telia Company AB has a 52 week low of $4.91 and a 52 week high of $8.49. The stock has a market capitalization of $10.90 billion, a PE ratio of 19.74, a P/E/G ratio of 0.81 and a beta of 0.34. The firm has a 50 day moving average of $5.31 and a two-hundred day moving average of $6.16.

Telia Company AB (publ) (OTCMKTS:TLSNYGet Rating) last issued its quarterly earnings results on Friday, October 21st. The technology company reported $0.08 EPS for the quarter. Telia Company AB (publ) had a net margin of 6.15% and a return on equity of 6.24%. The company had revenue of $2.13 billion during the quarter. On average, research analysts predict that Telia Company AB will post 0.27 EPS for the current fiscal year.

Telia Company AB (publ) Company Profile

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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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Analyst Recommendations for Telia Company AB (publ) (OTCMKTS:TLSNY)

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