TeliaSonera AB (TLSNY) Cut to “Sell” at Zacks Investment Research

TeliaSonera AB (OTCMKTS:TLSNY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday, July 8th.

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. “

Other equities research analysts have also issued research reports about the stock. Berenberg Bank raised shares of TeliaSonera AB from a “sell” rating to a “hold” rating in a report on Friday, July 7th. ValuEngine lowered shares of TeliaSonera AB from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th.

Shares of TeliaSonera AB (OTCMKTS:TLSNY) traded up 0.890% during midday trading on Friday, hitting $9.524. 1,085 shares of the stock traded hands. TeliaSonera AB has a one year low of $7.35 and a one year high of $9.62. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of 25.063 and a beta of 0.97. The firm has a 50-day moving average price of $8.93 and a 200 day moving average price of $8.29.

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