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Morgan Stanley raises Telia Company AB (publ) (OTCMKTS:TLSNY) price target to 35 SEK

Telia Company AB (publ) (OTCMKTS:TLSNY – Get Assessment) saw its price target raised by Morgan Stanley stock analysts from SEK 33 to SEK 35 in a research note published on Friday, reports The Fly. The brokerage currently has an “underweight” rating on shares of the technology company.

TLSNY has been the subject of a number of other research reports. Berenberg Bank upgraded Telia Company AB (publ) from a “sell” rating to a “hold” rating in a Thursday, May 12 research note. Barclays reduced its price target on Telia Company AB (publ) from SEK 45 to SEK 43 in a Friday April 1 research note. Finally, UBS Group upgraded Telia Company AB (publ) from a “neutral” rating to a “buy” rating in a Thursday, May 19 research note. Three equity research analysts gave the stock a sell rating, five gave the company a hold rating and two gave the company a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.85.

OTCMKTS TLSNY fell $0.05 during Friday trading hours, hitting $7.51. The company’s stock had a trading volume of 78,862 shares, compared to an average volume of 63,020. The company’s 50-day moving average price is $8.09 and its 200-day moving average price is $7.86. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt ratio of 1.04. Telia Company AB has a 1 year minimum of $6.76 and a 1 year maximum of $9.16. The company has a market capitalization of $15.36 billion, a price-earnings ratio of 11.21 and a beta of 0.23.

Telia Company AB (publ) (OTCMKTS:TLSNY – Get Rating) last released its quarterly results on Wednesday, April 27. The technology company reported EPS of $0.05 for the quarter. Telia Company AB (publ) achieved a return on equity of 15.29% and a net margin of 13.85%. The company posted revenue of $2.34 billion for the quarter, versus $2.28 billion expected by analysts. Equity research analysts expect Telia Company AB to post an EPS of 0.33 for the current financial year.

Telia Company AB (publ) Company profile (Get a rating)

Telia Company AB (publ) provides communication services in Sweden, Finland, Norway, Denmark, Lithuania, Estonia and Latvia. The company offers mobile, broadband, TV and fixed-line services to businesses, individuals, families and communities. It provides Networking, Cloud & 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 content delivery and production services , and customer financing services.

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