Tele2 (OTCMKTS:TLTZY) Upgraded by Zacks Research to Strong-Buy Rating

Tele2 (OTCMKTS:TLTZY) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Citigroup lowered shares of Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Tele2 presently has a consensus rating of “Buy”.

Tele2 Price Performance

Shares of OTCMKTS:TLTZY opened at $9.96 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $13.65 billion, a PE ratio of 12.77 and a beta of 0.42. Tele2 has a twelve month low of $6.88 and a twelve month high of $11.61. The company has a 50-day moving average price of $10.31 and a two-hundred day moving average price of $9.31.

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

Tele2 Company Profile

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.