Tele2 (TLTZY) – What Are Researchers Thinking About This Stock?

Shares of Tele2 (OTCMKTS:TLTZY) have been given an average rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of equities analysts recently issued reports on the company. Zacks Research cut Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Sanford C. Bernstein lowered Tele2 to a “market perform” rating in a research note on Thursday, September 24th. BNP Paribas Exane lowered Tele2 from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 9th. Finally, Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th.

Tele2 Stock Down 2.7%

Shares of OTCMKTS TLTZY opened at $7.68 on Friday. Tele2 has a 1 year low of $7.39 and a 1 year high of $11.61. The firm has a 50-day simple moving average of $8.55 and a two-hundred day simple moving average of $9.18. The company has a market cap of $10.57 billion, a P/E ratio of 9.85 and a beta of 0.38. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.70 and a quick ratio of 0.64.

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

Tele2 Company Profile

Tele2 AB is a Swedish telecommunications company that provides mobile and fixed communications services to consumers, businesses and public-sector customers. Its offerings include mobile voice and data services, broadband connectivity, fixed-line communications, digital television and related communications solutions.

The company also provides internet-of-things (IoT) connectivity and other business services designed to help organizations connect devices, manage communications and support digital operations.