Tele2 (OTCMKTS:TLTZY) Posts Earnings Results, Misses Estimates By $0.01 EPS

Tele2 (OTCMKTS:TLTZY) issued its quarterly earnings data on Thursday. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01), Zacks reports. Tele2 had a net margin of 34.19% and a return on equity of 44.93%.

Tele2 Stock Down 1.4%

Shares of TLTZY stock opened at $8.71 on Thursday. The stock’s 50-day simple moving average is $9.28 and its 200-day simple moving average is $9.67. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.03. The firm has a market capitalization of $11.94 billion, a PE ratio of 11.17 and a beta of 0.40. Tele2 has a fifty-two week low of $6.96 and a fifty-two week high of $11.61.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Zacks Research downgraded shares of Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Citigroup lowered shares of Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Tele2 Company Profile

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.