Tele2 (OTCMKTS:TLTZY) Receives Consensus Rating of “Buy” from Brokerages

Tele2 (OTCMKTS:TLTZY) has been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and three have assigned a strong buy recommendation to the company.

TLTZY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Zacks Research upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Citigroup lowered shares of Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th.

Tele2 Trading Down 2.4%

OTCMKTS:TLTZY opened at $8.67 on Friday. The company has a fifty day moving average of $9.63 and a 200 day moving average of $9.63. Tele2 has a 52 week low of $6.88 and a 52 week high of $11.61. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $11.88 billion, a P/E ratio of 11.12 and a beta of 0.39.

Tele2 (OTCMKTS:TLTZY) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.40. Tele2 had a net margin of 34.19% and a return on equity of 44.93%. The company had revenue of $764.89 million during the quarter, compared to analyst estimates of $775.46 million. On average, research analysts predict that Tele2 will post 0.83 earnings per share for the current 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.