Tele2 (OTCMKTS:TLTZY) Stock Rating Upgraded by Kepler Capital Markets

Tele2 (OTCMKTS:TLTZY) was upgraded by investment analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Citigroup lowered Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Finally, Zacks Research upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Tele2 Price Performance

Tele2 stock traded up $0.15 during mid-day trading on Wednesday, reaching $8.67. 159,592 shares of the company’s stock traded hands, compared to its average volume of 153,755. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 11.12 and a beta of 0.40. The stock has a 50 day moving average of $9.37 and a two-hundred day moving average of $9.65. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. Tele2 has a 12-month low of $6.88 and a 12-month high of $11.61.

Tele2 (OTCMKTS:TLTZY) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.40. Tele2 had a net margin of 34.19% and a return on equity of 44.93%. The business had revenue of $764.89 million during the quarter, compared to analysts’ expectations of $775.46 million. Equities analysts forecast that Tele2 will post 0.83 earnings per share for the current year.

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.