Berenberg Bank upgraded shares of TELE2 AB/ADR (OTCMKTS:TLTZY) from a hold rating to a buy rating in a report issued on Monday morning, The Fly reports.

Separately, Zacks Investment Research downgraded TELE2 AB/ADR from a hold rating to a sell rating in a research report on Friday, August 31st.

TLTZY stock opened at $6.05 on Monday. The firm has a market capitalization of $6.08 billion, a PE ratio of 20.86 and a beta of 1.18. TELE2 AB/ADR has a 1 year low of $5.65 and a 1 year high of $6.53. The company has a current ratio of 1.63, a quick ratio of 1.56 and a debt-to-equity ratio of 0.66.

TELE2 AB/ADR (OTCMKTS:TLTZY) last released its quarterly earnings results on Thursday, October 18th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $730.42 million for the quarter, compared to the consensus estimate of $720.28 million. TELE2 AB/ADR had a return on equity of 16.51% and a net margin of 2.93%. On average, equities research analysts expect that TELE2 AB/ADR will post 0.35 earnings per share for the current fiscal year.

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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