Tele2 (OTCMKTS:TLTZY) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Tele2 (OTCMKTS:TLTZY) have been given an average rating of “Buy” by the six research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st.

Tele2 Stock Up 2.2%

TLTZY stock opened at $10.25 on Thursday. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 13.14 and a beta of 0.42. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. Tele2 has a 12 month low of $6.88 and a 12 month high of $11.61. The firm has a 50-day moving average of $10.42 and a two-hundred day moving average of $9.18.

Tele2 (OTCMKTS:TLTZY) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.40. The company had revenue of $764.89 million during the quarter, compared to the consensus estimate of $775.46 million. Tele2 had a net margin of 34.19% and a return on equity of 49.95%. As a group, analysts forecast that Tele2 will post 0.44 earnings per share for the current fiscal year.

About Tele2

Tele2 AB is a European telecommunications company headquartered in Kista, Sweden. Since its founding in 1993, the firm has developed into a full-service provider of voice, data and multimedia solutions for both consumer and business markets. Its core offerings include mobile telephony, fixed and mobile broadband, voice over IP, digital television services and data network solutions, alongside emerging Internet of Things (IoT) and machine-to-machine connectivity products.

Tele2 operates primarily across the Nordic and Baltic regions, with key markets in Sweden, Estonia, Latvia and Lithuania.