Tele2 (OTCMKTS:TLTZY) Given Consensus Rating of “Moderate Buy” by Analysts

Tele2 (OTCMKTS:TLTZY) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of research analysts have recently commented on TLTZY shares. Zacks Research lowered Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Kepler Capital Markets upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Citigroup lowered shares of Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th.

Tele2 Trading Up 0.1%

Tele2 stock opened at $8.84 on Friday. Tele2 has a 52 week low of $7.39 and a 52 week high of $11.61. 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 firm has a market capitalization of $12.16 billion, a PE ratio of 11.33 and a beta of 0.39. The business’s 50-day simple moving average is $8.64 and its 200-day simple moving average is $9.65.

Tele2 (OTCMKTS:TLTZY) last announced its earnings results on Thursday, July 16th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $766.77 million for the quarter, compared to the consensus estimate of $750.18 million. Tele2 had a net margin of 33.96% and a return on equity of 43.42%. Equities research analysts forecast that Tele2 will post 0.78 earnings per share for the current year.

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.