Zacks Investment Research lowered shares of TELE2 AB (NASDAQ:TLTZY) from a buy rating to a hold rating in a report released on Saturday.

According to Zacks, “Tele2 AB provides telecommunication services to residential and business customers. The Company offers mobile services, fixed broadband and telephony, data network services and content services. It operates primarily in Sweden, the Netherlands, Kazakhstan, Croatia, Lithuania, Latvia, Estonia, Austria, Germany and internationally. Tele2 AB is based in Stockholm, Sweden. “

Shares of TELE2 AB (TLTZY) opened at 5.805 on Friday. The company’s market capitalization is $5.84 billion. TELE2 AB has a 52-week low of $3.74 and a 52-week high of $5.95. The stock has a 50 day moving average price of $5.77 and a 200 day moving average price of $5.11.

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