Tele2 (OTCMKTS:TLTZY) Announces Earnings Results

Tele2 (OTCMKTS:TLTZY) announced its earnings results on Tuesday. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01), Zacks reports. The business had revenue of $788.19 million for the quarter, compared to the consensus estimate of $716.73 million. Tele2 had a return on equity of 42.14% and a net margin of 34.23%.

Tele2 Price Performance

Shares of TLTZY stock opened at $7.96 on Thursday. The stock has a 50-day moving average price of $8.44 and a 200 day moving average price of $9.03. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.94. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of 10.35 and a beta of 0.38. Tele2 has a 12 month low of $7.37 and a 12 month high of $11.61.

Analysts Set New Price Targets

A number of brokerages have commented on TLTZY. Sanford C. Bernstein lowered shares of Tele2 to a “market perform” rating in a report on Thursday, September 24th. BNP Paribas Exane cut shares of Tele2 from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 9th. Kepler Capital Markets raised Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Zacks Research downgraded Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

About Tele2

Tele2 AB is a Swedish telecommunications company headquartered in Stockholm. The company provides mobile and fixed-line communications services, broadband, digital television and related connectivity solutions to consumers, businesses and public-sector customers.

Tele2’s offerings include mobile voice and data plans, high-speed broadband, fixed and mobile networks, television services, and business communications solutions. It also provides Internet of Things connectivity and related services for organizations seeking to connect and manage devices and equipment.

Tele2 primarily serves customers in Sweden and the Baltic countries of Estonia, Latvia and Lithuania.