Berenberg Bank Alters Rating for Telia Company AB (publ) to Hold

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Telia Company AB (publ) (OTCMKTS:TLSNY) experienced a downgrade by Berenberg Bank analysts, shifting its rating from “buy” to “hold,” as reported by FlyOnTheWall on Tuesday.

Additionally, Citigroup upgraded Telia Company AB (publ) from a “sell” rating to a “neutral” rating in a research note on Friday, May 26th. The company’s stock has received mixed ratings from analysts, with four rating it as “sell,” five as “hold,” and one as “buy.” The current average rating for the stock is “Hold,” with a consensus price target of $33.25.

Telia Company AB (publ) offers communication services in various Nordic and Baltic countries. Their services include mobile, broadband, television, and fixed-line solutions, as well as networking, cloud, security, and IoT offerings. The company’s stock, traded as TLSNY, opened at $4.24 on Tuesday, with a 50-day moving average of $4.52 and a two-hundred day moving average of $4.92.

Over the past year, the stock has fluctuated between a low of $4.08 and a high of $7.43. Currently, the company has a market capitalization of $8.34 billion, a P/E ratio of -5.73, a price-to-earnings-growth ratio of 0.41, and a beta of 0.29. Its debt-to-equity ratio stands at 1.45, while the current ratio and quick ratio are 0.95 and 0.88, respectively.

If considering an investment in Telia Company AB (publ), it’s essential to weigh the recent rating changes from analysts. While the company holds a “Hold” rating on average, top-rated analysts have identified five other stocks as potentially better buys. These stocks are generating interest among Wall Street’s best performing research analysts, prompting whispers to clients to consider them before the broader market catches on.

Kaitlin Welch

Kaitlin Welch manages to cover anything. She is our freelance contributor. Kristie is responsible for covering reporting in finance and business News categories. Kaitlin has experience of 5 years as a reporter to News insights. Kaitlin writes related to the News Category.

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