Tele2 (OTCMKTS:TLTZY) Releases Quarterly Earnings Results

Tele2 (OTCMKTS:TLTZY) released its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01), Zacks reports. Tele2 had a net margin of 14.75% and a return on equity of 20.33%.

Tele2 Trading Up 1.1%

Shares of OTCMKTS TLTZY traded up $0.10 during midday trading on Wednesday, reaching $9.21. The stock had a trading volume of 14,596 shares, compared to its average volume of 1,305. Tele2 has a twelve month low of $5.45 and a twelve month high of $9.34. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.63 and a current ratio of 0.68. The company’s 50 day moving average price is $8.15 and its 200 day moving average price is $8.20. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 29.71 and a beta of 0.44.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a research report on Tuesday. New Street Research upgraded Tele2 to a “buy” rating in a research note on Wednesday, December 17th. Finally, BNP Paribas Exane upgraded Tele2 from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.