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

Tele2 (OTCMKTS:TLTZYGet Free Report) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company.

Several analysts recently weighed in on TLTZY shares. New Street Research upgraded shares of Tele2 to a “buy” rating in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research note on Tuesday, January 27th.

Check Out Our Latest Report on Tele2

Tele2 Trading Up 1.2%

OTCMKTS:TLTZY opened at $10.63 on Friday. The firm has a market capitalization of $14.55 billion, a P/E ratio of 31.26 and a beta of 0.45. The business has a 50 day simple moving average of $9.26 and a 200 day simple moving average of $8.58. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.57 and a quick ratio of 0.53. Tele2 has a 12-month low of $5.87 and a 12-month high of $11.61.

Tele2 (OTCMKTS:TLTZYGet Free Report) last posted its earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Tele2 had a net margin of 15.40% and a return on equity of 21.68%. The company had revenue of $854.77 million during the quarter, compared to the consensus estimate of $866.14 million. Equities research analysts predict that Tele2 will post 0.28 EPS for the current year.

About Tele2

(Get Free Report)

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.

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Analyst Recommendations for Tele2 (OTCMKTS:TLTZY)

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