Zacks Investment Research upgraded shares of TELIA Co A B/ADR (OTCMKTS:TLSNY) from a sell rating to a hold rating in a report issued on Thursday morning, Zacks.com reports.

According to Zacks, “Telia Company AB provides network access and telecommunication services. The company also offers mobile and broadband; and fixed services, including telephony, data and TV services. It operates primarily in Sweden and Europe. Telia Company AB, formerly known as TeliaSonera AB, is headquartered in Stockholm, Sweden. “

OTCMKTS TLSNY traded down $0.04 during trading hours on Thursday, reaching $8.85. The company’s stock had a trading volume of 42,066 shares, compared to its average volume of 46,560. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 1.09. TELIA Co A B/ADR has a 52 week low of $8.21 and a 52 week high of $9.66. The business has a 50-day simple moving average of $8.69 and a 200 day simple moving average of $8.74. The stock has a market cap of $19.16 billion, a PE ratio of 17.70 and a beta of 0.36.

TELIA Co A B/ADR (OTCMKTS:TLSNY) last released its earnings results on Thursday, July 18th. The technology company reported $0.08 earnings per share for the quarter. The business had revenue of $2.25 billion for the quarter. TELIA Co A B/ADR had a return on equity of 7.76% and a net margin of 6.13%. As a group, equities analysts predict that TELIA Co A B/ADR will post 0.51 EPS for the current year.

About TELIA Co A B/ADR

Telia Company AB (publ) provides communication services in Sweden, Finland, Norway, Denmark, Lithuania, and Estonia. The company offers mobile, broadband, television, and fixed-line services to businesses, individuals, families, and communities. It also provides contact center, Internet of Things (IoT), hosting, managed Wi-Fi, and cloud and security services; data center and infrastructure services; IP-network solutions and system integration services; and financing solutions.

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