Tele2 (OTCMKTS:TLTZY) Given Average Rating of “Moderate Buy” by Analysts

Tele2 (OTCMKTS:TLTZY) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts recently weighed in on TLTZY shares. Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Finally, Zacks Research lowered shares of Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th.

Tele2 Trading Up 1.5%

Shares of OTCMKTS TLTZY opened at $8.58 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $8.72 and a two-hundred day simple moving average of $9.66. The firm has a market cap of $11.76 billion, a PE ratio of 11.00 and a beta of 0.39. Tele2 has a twelve month low of $7.39 and a twelve month high of $11.61.

Tele2 (OTCMKTS:TLTZY) last issued its earnings results on Thursday, July 16th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Tele2 had a return on equity of 43.42% and a net margin of 33.96%.The firm had revenue of $766.77 million during the quarter, compared to analysts’ expectations of $750.18 million. Analysts expect that Tele2 will post 0.78 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.