Telia Company Stock (OTC:TLSNY), Trade Ideas

Telia Company

TELIASONERA ADR

Telia is the incumbent telecommunications operator in Sweden but is also present in Norway, Finland, Denmark, and the Baltic countries. In the past five years, Telia has been narrowing its business focus, divesting businesses in Asia and focusing on its core markets. In 2022 Telia had revenue of more than SEK 90 billion, with the majority of it coming from the Nordic markets.

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Trucking Firm Yellow Ceases Operations, Walmart Buys Out Tiger Global&#39;s Stake, Former Disney Executives Join As Advisers To CEO Bob Iger: Today&#39;s Top Stories

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Britain&#39;s telecoms giant, BT Group PLC (OTCPK: BTGOF), disclosed the appointment of 

BT Group Names Allison Kirkby As CEO

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TELIA COMPANY AB UNSP/ADR by Telia Company AB

Telia Company AB

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/07/33466878/italian-competition-authority-closes-investigation-into-googles-alleged-abuse-of-dominance-commits-t" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Italian Competition Authority Closes Investigation into Google&#39;s Alleged Abuse of Dominance, Commits to Enhancing Data Portability</a>
<ul>
<li>The Italian Competition Authority has ended its probe into the alleged abuse of its position by&nbsp;Alphabet Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) Google LLC, Google Ireland Limited, and Google Italy S.r.l (Google) by making the proposed commitments binding.</li>
<li>The Alphabet and Google group&#39;s dominant position in several markets enabled it to acquire large amounts of data through its services (Gmail, Google Maps, Android). In 2022, it achieved a turnover of $282.8 billion.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33464999/toyota-ramps-up-local-ev-tech-development-in-china" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Toyota Ramps Up Local EV Tech Development In China</a>
<ul>
<li>Toyota Motor Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) said it will work towards strengthening its local development of intelligence and electrification technology in China.</li>
<li>The automaker&#39;s statement comes as it looks to gain a market share in the intensely competitive Chinese market.</li>
<li>To achieve multi-pathway-based carbon neutrality, Toyota will strengthen the local development of all electrified vehicles (BEV, PHEV, HEV, FCEV).&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33468749/j-b-hunt-buys-13-zero-emission-trucks-from-nikola-focuses-on-greener-future" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">J.B. Hunt Buys 13 Zero-Emission Trucks From Nikola, Focuses On Greener Future</a>
<ul>
<li>J.B. Hunt Transport Services, Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) subsidiary plans to buy 13 zero-emission Class 8 trucks from&nbsp;Nikola Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>).</li>
<li>The acquisition is at par with J.B. Hunt&#39;s goal to reduce carbon emission intensity by 32% by 2034 (with a 2019 baseline).</li>
<li>The initial truck order comprises ten battery-electric and three hydrogen fuel-cell electric vehicles, with the first vehicles expected to be delivered in August 2023.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33464491/bt-group-names-allison-kirkby-as-ceo" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BT Group Names Allison Kirkby As CEO</a>
<ul>
<li>Britain&#39;s telecoms giant,&nbsp;BT Group PLC&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/btgof#OTC">BTGOF</a>), disclosed the appointment of Allison Kirkby as Chief Executive, effective the end of January 2024 at the latest.</li>
<li>Allison Kirkby has served&nbsp;Telia Company AB&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tlsnf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TLSNF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tlsny#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TLSNY</a>) as the president and CEO since early 2020. Before that, she worked at several well-known telecommunication companies.</li>
<li>Allison Kirkby has been a Non-Executive Director at BT Group since 2019.</li>
</ul>
&nbsp;
Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33466181/whats-going-on-with-disney-stock-monday" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Former Disney Executives Appointed As Advisers To CEO Bob Iger</a>
<ul>
<li>Walt Disney Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>) stock is trading higher Monday amid reports of the company engaging former executives Kevin Mayer and Tom Staggs as advisors to current CEO Bob Iger to deal with the company&#39;s legacy television businesses, including ESPN.</li>
<li>Mayer and Staggs were once considered potential successors to Bob Iger during his first stint as CEO but departed as their chances of getting the top job wilted.</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/07/33464480/apple-supplier-foxconn-expands-in-india-with-195m-investment" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple Supplier Foxconn Expands in India with $195M Investment</a>
<ul>
<li>A&nbsp;Hon Hai Precision Industry Co Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hnhpf#OTC">HNHPF</a>)&nbsp;Foxconn&nbsp;unit will ink a deal on Monday with India&#39;s Tamil Nadu state to build a new facility for electronic components likely to create 6,000 new jobs.</li>
<li>The&nbsp;Apple Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) supplier subsidiary,&nbsp;Foxconn Industrial Internet, looks to invest ₹16 billion ($194.45 million) to build a campus in Kancheepuram district, near the state&#39;s capital of Chennai.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/07/33467025/novo-nordisks-weight-loss-drug-wegovy-launches-in-germany-patients-to-pay-out-of-pocket" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Novo Nordisk&#39;s Weight-Loss Drug Wegovy In Germany: Patients To Pay Out-of-Pocket</a>
<ul>
<li>Novo Nordisk A/S&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvo#NYSE">NVO</a>) revolutionary weight-loss medication, Wegovy, has hit the German market, its premier substantial European destination. The medication is already available in the U.S. and only in Norway and Denmark within Europe.</li>
<li>There are concerns about supply constraints due to non-obese individuals seeking prescriptions for vanity purposes, leading Novo to urge doctors to &quot;prescribe responsibly&quot; in a mid-July statement.</li>
<li>The pharmaceutical company anticipates that German consumers will willingly cover the drug&#39;s expenses as public health insurance is currently unable to cover it.&nbsp;</li>
</ul>
&nbsp;
Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33463756/us-retail-giant-walmart-buys-out-hedge-funds-stake-to-add-another-1-4b-to-its-big-flipkart-bet" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Walmart Buys Out Tiger Global&#39;s Stake, Adds Another $1.4B To Its Bet On India&#39;s Flipkart</a>
<ul>
<li>Retail giant&nbsp;Walmart Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) recently spent $1.4 billion (INR 115.15 billion) to purchase the remaining&nbsp;Flipkart&nbsp;shares from&nbsp;Tiger Global, boosting its stake in the Indian e-commerce startup.&nbsp;</li>
<li>This transaction has allowed New York-based hedge fund Tiger Global to make a $3.5 billion (INR 287.8 billion) profit from an initial investment of $1.2 billion (INR 98.71 billion).</li>
<li>Tiger Global has now mostly cashed out its Flipkart shares.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33467983/trucking-firm-yellow-ceases-operations-risking-30-000-jobs-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Trucking Firm Yellow Ceases Operations, Risking 30,000 Jobs</a>
<ul>
<li>Yellow Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yell#NASDAQ">YELL</a>) reportedly terminated its operations after grappling with multiple issues, including mergers that left it burdened with debt and a conundrum with the Teamsters Union.</li>
<li>The shutdown endangers the employment of nearly 30,000 people.</li>
<li>The Teamsters Union said it was served legal notice today that Yellow Corp. is ceasing operations and filing for bankruptcy.</li>
</ul>
&nbsp;
Earnings
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33465811/panasonic-q1-highlights-profits-surge-significantly-raises-fy24-net-profit-outlook" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Panasonic Q1 Highlights: Profits Surge Significantly, Raises FY24 Net Profit Outlook</a>
<ul>
<li>Panasonic Holdings Corp&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/pcrfy#OTC">PCRFY</a>) reported a Q1 FY24 sales growth of 3% Y/Y to &yen;2.03 trillion on higher sales in Automotive, Connect, and automotive batteries and favorable currency translation.</li>
<li>In USD, sales of $14.80 billion missed the consensus of $15.07 billion.</li>
<li>EPS of &yen;86.06 was considerably higher than &yen;20.97 a year ago.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33464839/heineken-h1-beer-volumes-dips-on-weakness-in-vietnam-nigeria-cuts-2023-outlook" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Heineken H1 Beer Volumes Dips On Weakness In Vietnam &amp; Nigeria, Cuts 2023 Outlook</a>
<ul>
<li>Heineken NV&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/heiny#OTC">HEINY</a>) clocked revenue growth of 6.3% Y/Y in H1 2023 to &euro;17.44 billion.</li>
<li>Beer volume declined 5.6% Y/Y organically, with weak performance across Vietnam and continued socio-economic volatility in Nigeria.&nbsp;</li>
<li>2023 Outlook: Heineken revised the operating profit growth outlook to be stable to mid-single-digit organic growth (from mid- to high-single digits earlier).&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33467984/on-semiconductor-stock-jumps-after-q2-earnings-heres-how-it-performed" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ON Semiconductor Stock Jumps After Q2 Earnings - Here&#39;s How It Performed</a>
<ul>
<li>ON Semiconductor Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/on#NASDAQ">ON</a>) stock gained Monday after it reported flat second-quarter FY23 revenue growth year-on-year at $2.09 billion, beating the consensus of $2.02 billion. Non-GAAP EPS of $1.33 beat the consensus of $1.21.</li>
<li>Outlook:&nbsp;ON Semiconductor expects third-quarter adjusted revenue of $2.095 billion - $2.195 billion, above the consensus of $2.07 billion.</li>
<li>The company sees non-GAAP EPS of $1.27 - $1.41 above the consensus of $1.21.</li>
</ul>

Trucking Firm Yellow Ceases Operations, Walmart Buys Out Tiger Global's Stake, Former Disney Executives Join As Advisers To CEO Bob Iger: Today's Top Stories

Britain&#39;s telecoms giant,&nbsp;BT Group PLC&nbsp;(OTCPK: BTGOF), disclosed the appointment of&nbsp;<a class="editor-rtfLink" href="https://otp.tools.investis.com/clients/uk/bt/rns/regulatory-story.aspx?cid=1470&amp;newsid=1705925" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Allison Kirkby as</a>&nbsp;Chief Executive, effective the end of January 2024 at the latest.
Allison Kirkby has served&nbsp;Telia Company AB&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tlsnf#OTC">TLSNF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tlsny#OTC">TLSNY</a>) as the president and CEO since early 2020. Before that, she worked at several well-known telecommunication companies.
Allison Kirkby has been a Non-Executive Director at BT Group since 2019.
Earlier this month, BT Group&#39;s current CEO, Philip Jansen, informed the Board of stepping down from the position at &#39;an appropriate moment&#39;&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33163922/bt-groups-ceo-leaving-in-next-12-months-successor-to-be-disclosed-this-summer" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">over the next 12 months</a>.&nbsp;
Philip Jansen will continue to serve as Chief Executive until the end of January 2024 at the latest. When Philip Jansen steps down, he will hand over to Allison. He will be available to support the handover until the end of March 2024, at which point he intends to retire from executive life.
The company plans further announcement to confirm Allison Kirkby&#39;s start date and the handover date.&nbsp;
Price Action: BTGOF shares closed higher by 7.05% at $1.67 on Friday.

Telia Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TLSNY#OTC">TLSNY</a>) reported quarterly earnings of SEK0.42 per share. This is a 7.69 percent increase over earnings of SEK0.39 per share from the same period last year. The company reported SEK22.46 billion in sales this quarter. This is a 5.57 percent increase over sales of SEK21.27 billion in the same period last year.

Earnings

Telia Company Q3 EPS SEK0.42 Up From SEK0.39 YoY, Sales SEK22.46B Up From SEK21.27B YoY

<h3>Upgrades</h3>
For Telia Company AB (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TLSNY#OTC">TLSNY</a>), UBS upgraded the previous rating of Neutral to Buy. For the first quarter, Telia Company had an EPS of $0.05, compared to year-ago quarter EPS of $0.03. The stock has a 52-week-high of $9.16 and a 52-week-low of $6.76. At the end of the last trading period, Telia Company closed at $8.14. 
According to B of A Securities, the prior rating for Ollie's Bargain Outlet Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) was changed from Underperform to Buy. In the fourth quarter, Ollie's Bargain Outlet showed an EPS of $0.69, compared to $0.97 from the year-ago quarter. At the moment, the stock has a 52-week-high of $95.43 and a 52-week-low of $37.67. Ollie's Bargain Outlet closed at $43.19 at the end of the last trading period. 
For Mirati Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRTX#NASDAQ">MRTX</a>), Guggenheim upgraded the previous rating of Neutral to Buy. Mirati Therapeutics earned $3.40 in the first quarter, compared to $2.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $195.99 and a 52-week-low of $51.16. Mirati Therapeutics closed at $59.61 at the end of the last trading period. 
Exane BNP Paribas upgraded the previous rating for Trex Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) from Underperform to Neutral. For the first quarter, Trex Co had an EPS of $0.62, compared to year-ago quarter EPS of $0.42. The stock has a 52-week-high of $140.98 and a 52-week-low of $51.76. At the end of the last trading period, Trex Co closed at $61.96. 
Baird upgraded the previous rating for Comerica Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) from Neutral to Outperform. In the first quarter, Comerica showed an EPS of $1.37, compared to $2.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $102.09 and a 52-week-low of $63.07. Comerica closed at $72.80 at the end of the last trading period. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
<h3>Downgrades</h3>
According to Craig-Hallum, the prior rating for Citi Trends Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) was changed from Buy to Hold. Citi Trends earned $1.16 in the fourth quarter, compared to $1.81 in the year-ago quarter. The current stock performance of Citi Trends shows a 52-week-high of $97.46 and a 52-week-low of $25.18. Moreover, at the end of the last trading period, the closing price was at $29.30. 
Argus Research downgraded the previous rating for Allstate Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) from Buy to Hold. In the first quarter, Allstate showed an EPS of $2.58, compared to $6.11 from the year-ago quarter. The current stock performance of Allstate shows a 52-week-high of $144.46 and a 52-week-low of $106.11. Moreover, at the end of the last trading period, the closing price was at $125.79. 
For Dollar General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>), Gordon Haskett downgraded the previous rating of Buy to Hold. Dollar Gen earned $2.57 in the fourth quarter, compared to $2.62 in the year-ago quarter. The stock has a 52-week-high of $262.20 and a 52-week-low of $185.15. At the end of the last trading period, Dollar Gen closed at $201.33. 
According to Berenberg, the prior rating for Spero Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRO#NASDAQ">SPRO</a>) was changed from Buy to Hold. In the first quarter, Spero Therapeutics showed an EPS of $1.01, compared to $0.66 from the year-ago quarter. The current stock performance of Spero Therapeutics shows a 52-week-high of $19.87 and a 52-week-low of $1.38. Moreover, at the end of the last trading period, the closing price was at $1.44. 
For Pure Storage Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>), B of A Securities downgraded the previous rating of Buy to Neutral. In the fourth quarter, Pure Storage showed an EPS of $0.36, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $36.71 and a 52-week-low of $17.40. Pure Storage closed at $25.17 at the end of the last trading period. 
B of A Securities downgraded the previous rating for Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) from Buy to Neutral. Hewlett Packard earned $0.53 in the first quarter, compared to $0.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.76 and a 52-week-low of $12.99. Hewlett Packard closed at $15.04 at the end of the last trading period. 
According to Atlantic Equities, the prior rating for Freshpet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) was changed from Overweight to Neutral. In the first quarter, Freshpet showed an EPS of $0.40, compared to $0.26 from the year-ago quarter. The current stock performance of Freshpet shows a 52-week-high of $183.38 and a 52-week-low of $53.09. Moreover, at the end of the last trading period, the closing price was at $66.53. 
For Wix.com Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. For the first quarter, Wix.com had an EPS of $0.72, compared to year-ago quarter EPS of $0.54. The stock has a 52-week-high of $309.00 and a 52-week-low of $56.24. At the end of the last trading period, Wix.com closed at $68.66. 
For Ross Stores Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>), Telsey Advisory Group downgraded the previous rating of Outperform to Market Perform. Ross Stores earned $0.97 in the first quarter, compared to $1.34 in the year-ago quarter. The stock has a 52-week-high of $127.58 and a 52-week-low of $84.44. At the end of the last trading period, Ross Stores closed at $92.70. 
According to Berenberg, the prior rating for PPG Industries Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) was changed from Buy to Hold. PPG Indus earned $1.37 in the first quarter, compared to $1.88 in the year-ago quarter. The current stock performance of PPG Indus shows a 52-week-high of $182.97 and a 52-week-low of $111.32. Moreover, at the end of the last trading period, the closing price was at $122.67. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
<h3>Initiations</h3>
With a Buy rating, Lake Street initiated coverage on Biolase Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOL#NASDAQ">BIOL</a>). The price target seems to have been set at $12.00 for Biolase. Biolase earned $0.77 in the first quarter, compared to $1.28 in the year-ago quarter. The stock has a 52-week-high of $5.72 and a 52-week-low of $0.20. At the end of the last trading period, Biolase closed at $3.84. 
Lake Street initiated coverage on Streamline Health Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRM#NASDAQ">STRM</a>) with a Buy rating. The price target for Streamline Health Solns is set to $3.00. In the fourth quarter, Streamline Health Solns showed an EPS of $0.00, compared to $0.05 from the year-ago quarter. The current stock performance of Streamline Health Solns shows a 52-week-high of $2.29 and a 52-week-low of $1.13. Moreover, at the end of the last trading period, the closing price was at $1.22. 
Lake Street initiated coverage on Apyx Medical Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APYX#NASDAQ">APYX</a>) with a Buy rating. The price target for Apyx Medical is set to $12.00. For the first quarter, Apyx Medical had an EPS of $0.17, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $17.50 and a 52-week-low of $3.01. At the end of the last trading period, Apyx Medical closed at $3.41. 
Evercore ISI Group initiated coverage on Inspirato Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPO#NASDAQ">ISPO</a>) with an In-Line rating. The price target for Inspirato is set to $6.00. At the moment, the stock has a 52-week-high of $108.00 and a 52-week-low of $4.67. Inspirato closed at $5.54 at the end of the last trading period. 
B of A Securities initiated coverage on Novavax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) with an Underperform rating. Novavax earned $2.56 in the first quarter, compared to $3.05 in the year-ago quarter. The current stock performance of Novavax shows a 52-week-high of $277.80 and a 52-week-low of $41.33. Moreover, at the end of the last trading period, the closing price was at $58.43. 
With an Outperform rating, Cowen &amp; Co. initiated coverage on Leafly Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>). The price target seems to have been set at $12.00 for Leafly Holdings. The stock has a 52-week-high of $11.58 and a 52-week-low of $5.27. At the end of the last trading period, Leafly Holdings closed at $9.75. 
B of A Securities initiated coverage on TG Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>) with an Underperform rating. The price target for TG Therapeutics is set to $5.00. For the first quarter, TG Therapeutics had an EPS of $0.51, compared to year-ago quarter EPS of $0.69. At the moment, the stock has a 52-week-high of $41.00 and a 52-week-low of $5.51. TG Therapeutics closed at $6.04 at the end of the last trading period. 
B of A Securities initiated coverage on Revolution Medicines Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVMD#NASDAQ">RVMD</a>) with a Neutral rating. The price target for Revolution Medicines is set to $24.00. For the first quarter, Revolution Medicines had an EPS of $0.78, compared to year-ago quarter EPS of $0.53. At the moment, the stock has a 52-week-high of $35.07 and a 52-week-low of $14.08. Revolution Medicines closed at $15.16 at the end of the last trading period. 
B of A Securities initiated coverage on Turning Point Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPTX#NASDAQ">TPTX</a>) with a Buy rating. The price target for Turning Point is set to $58.00. In the first quarter, Turning Point showed an EPS of $1.50, compared to $0.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $83.06 and a 52-week-low of $23.77. Turning Point closed at $35.36 at the end of the last trading period. 
Stifel initiated coverage on ESAB Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESAB#NYSE">ESAB</a>) with a Buy rating. The price target for ESAB is set to $56.00. ESAB earned $1.17 in the first quarter, compared to $1.12 in the year-ago quarter. The current stock performance of ESAB shows a 52-week-high of $58.08 and a 52-week-low of $42.96. Moreover, at the end of the last trading period, the closing price was at $46.79. 
With an Overweight rating, JP Morgan initiated coverage on Bill.com Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>). The price target seems to have been set at $140.00 for Bill.com Holdings. For the third quarter, Bill.com Holdings had an EPS of $0.08, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $348.50 and a 52-week-low of $89.87. Bill.com Holdings closed at $114.42 at the end of the last trading period. 
With a Buy rating, DA Davidson initiated coverage on SVF Investment Corp 3 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVFC#NASDAQ">SVFC</a>). The price target seems to have been set at $15.00 for SVF Inv Corp 3. At the moment, the stock has a 52-week-high of $10.24 and a 52-week-low of $9.65. SVF Inv Corp 3 closed at $9.96 at the end of the last trading period. 
With a Neutral rating, DA Davidson initiated coverage on Coupa Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COUP#NASDAQ">COUP</a>). The price target seems to have been set at $75.00 for Coupa Software. Coupa Software earned $0.19 in the fourth quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $283.38 and a 52-week-low of $58.43. At the end of the last trading period, Coupa Software closed at $71.73. 
Oppenheimer initiated coverage on Bentley Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NASDAQ">BSY</a>) with an Outperform rating. The price target for Bentley Systems is set to $40.00. In the first quarter, Bentley Systems showed an EPS of $0.24, compared to $0.20 from the year-ago quarter. The stock has a 52-week-high of $71.92 and a 52-week-low of $26.32. At the end of the last trading period, Bentley Systems closed at $32.29. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

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Benzinga's Top Ratings Upgrades, Downgrades For May 20, 2022

UBS analyst Ondrej Cabejsek upgrades Telia Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TLSNY#OTC">TLSNY</a>) from Neutral to Buy.

UBS Upgrades Telia Company to Buy

<ul>
<li>Telia Company AB&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tlsny#OTC">TLSNY</a>)&nbsp;<a href="https://www.teliacompany.com/en/news/press-releases/2021/7/telia-company-interim-report-january-june-2021/" target="_blank">reported second-quarter</a>&nbsp;FY21 net sales growth of 0.5% year-on-year to SEK 21.9 billion. Like for like, net sales increased 4.9%.</li>
<li>The TV and Media unit, Sweden, and the Baltic operations&nbsp;<a href="https://www.teliacompany.com/globalassets/telia-company/documents/reports/2021/q2/telia-company-q2-2021-eng.pdf" target="_blank">drove the increase</a>.</li>
<li>Service revenues declined 1.3% Y/Y to SEK 18.9 billion.</li>
<li>Adjusted EBITDA contracted 20 basis points to 35.3%.</li>
<li>Adjusted operating margin contracted 100 basis points to 12.5%.</li>
<li>Net income was SEK 8.1 billion.</li>
<li>EPS was SEK 1.97.</li>
<li>Telia generated SEK 6.2 billion in operating cash flow.</li>
<li>It completed the divestment of Telia Carrier to Polhem Infra on June&nbsp;1.</li>
<li>Outlook: The company reaffirmed outlook for 2021. It expects full-year service revenues and EBITDA, excluding Telia Carrier and FX, at flat to low single-digit growth.</li>
<li>Cash CAPEX is expected to be SEK 14.5 billion to SEK 15.5 billion, and cash generation sufficient to cover the minimum dividend level of SEK 2 per share.</li>
<li>Price action:&nbsp;TLSNY shares closed at $9.07 on Tuesday.</li>
</ul>

Guidance

Tech

Telia Company Reports Q2 Earnings; Reaffirms 2021 Outlook

<h3>Companies Reporting Before The Bell</h3>
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&bull; Telefonaktiebolaget L M Inc. (NASDAQ:<a class="ticker" href="/stock/ERIC#NASDAQ">ERIC</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $5.56 billion. 
&bull; Regions Financial Inc. (NYSE:<a class="ticker" href="/stock/RF#NYSE">RF</a>) is estimated to report earnings for its second quarter.
&bull; Sensient Technologies Inc. (NYSE:<a class="ticker" href="/stock/SXT#NYSE">SXT</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $311.79 million.
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