TELE2 AB (NASDAQ:TLTZY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Tele2 AB provides telecommunication services to residential and business customers. The Company offers mobile services, fixed broadband and telephony, data network services and content services. It operates primarily in Sweden, the Netherlands, Kazakhstan, Croatia, Lithuania, Latvia, Estonia, Austria, Germany and internationally. Tele2 AB is based in Stockholm, Sweden. “

TELE2 AB (NASDAQ TLTZY) remained flat at $5.74 during mid-day trading on Thursday. The company’s market capitalization is $5.77 billion. The company’s 50-day moving average is $5.80 and its 200-day moving average is $5.02. TELE2 AB has a 1-year low of $3.74 and a 1-year high of $5.95.

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