Tele2 (TLTZY) – What Are Investment Firms Thinking About This Stock?

Shares of Tele2 (OTCMKTS:TLTZY) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.

TLTZY has been the topic of several analyst reports. BNP Paribas Exane downgraded Tele2 from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 9th. Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Sanford C. Bernstein downgraded shares of Tele2 to a “market perform” rating in a research report on Thursday, September 24th. Finally, Zacks Research cut shares of Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th.

Tele2 Stock Up 3.8%

Shares of OTCMKTS TLTZY opened at $8.01 on Thursday. Tele2 has a 1 year low of $7.37 and a 1 year high of $11.61. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 10.27 and a beta of 0.38. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.64 and a current ratio of 0.70. The stock’s 50-day simple moving average is $8.37 and its 200-day simple moving average is $9.26.

Tele2 (OTCMKTS:TLTZY) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Tele2 had a net margin of 34.23% and a return on equity of 42.14%. The business had revenue of $788.19 million during the quarter, compared to analysts’ expectations of $716.73 million. As a group, equities analysts anticipate that Tele2 will post 0.75 earnings per share for the current fiscal year.

Tele2 Company Profile

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.