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

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

Several analysts have recently weighed in on TLTZY shares. Zacks Research upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st. Finally, Citigroup downgraded Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th.

Tele2 Stock Performance

Shares of TLTZY opened at $9.18 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $12.58 billion, a P/E ratio of 11.76 and a beta of 0.39. The stock’s fifty day simple moving average is $10.08 and its 200 day simple moving average is $9.45. Tele2 has a twelve month low of $6.88 and a twelve month high of $11.61.

Tele2 (OTCMKTS:TLTZY) last announced its earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.40. The company had revenue of $764.89 million during the quarter, compared to the consensus estimate of $775.46 million. Tele2 had a return on equity of 44.93% and a net margin of 34.19%. On average, equities research analysts forecast 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.