Zacks Investment Research lowered shares of TELE2 AB/ADR (OTCMKTS:TLTZY) from a hold rating to a sell rating in a research report released on Friday.

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. “

OTCMKTS TLTZY remained flat at $$6.14 during mid-day trading on Friday. TELE2 AB/ADR has a one year low of $5.59 and a one year high of $6.41. The company has a market capitalization of $6.17 billion, a PE ratio of 21.17 and a beta of 1.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 1.94.

TELE2 AB/ADR Company Profile

Tele2 AB (publ), a telecom operator, provides telecommunication services for residential and business customers. The company offers mobile voice telephony, handset data, messaging, and value-added services, such as handset insurance, antivirus, and content services; mobile broadband services; and fixed voice and broadband, TV, and fixed and mobile telephony services.

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