Zacks Investment Research downgraded shares of TELE2 AB (NASDAQ:TLTZY) from a buy rating to a hold rating in a report released on Thursday morning.

According to Zacks, “Tele2 AB provides telecommunication services to residential and business customers. The Company offers mobile services, fixed broadband and telephony, data network services and content services. It operates primarily in Sweden, the Netherlands, Kazakhstan, Croatia, Lithuania, Latvia, Estonia, Austria, Germany and internationally. Tele2 AB is based in Stockholm, Sweden. “

Shares of TELE2 AB (NASDAQ:TLTZY) opened at 5.74 on Thursday. The stock’s 50 day moving average price is $5.79 and its 200-day moving average price is $5.03. The stock’s market cap is $5.77 billion. TELE2 AB has a 52-week low of $3.74 and a 52-week high of $5.95.

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