Tele2 (OTCMKTS:TLTZY) Announces Earnings Results

Tele2 (OTCMKTS:TLTZY) released its earnings results on Wednesday. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.40, Zacks reports. Tele2 had a net margin of 15.40% and a return on equity of 21.68%.

Tele2 Trading Down 0.3%

Shares of OTCMKTS TLTZY traded down $0.03 during midday trading on Wednesday, reaching $10.26. 4,558 shares of the stock were exchanged, compared to its average volume of 30,010. The business has a 50-day simple moving average of $10.55 and a two-hundred day simple moving average of $9.07. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 30.18 and a beta of 0.44. Tele2 has a 12 month low of $6.87 and a 12 month high of $11.61. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.57 and a quick ratio of 0.53.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

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.