TELE2 AB (NASDAQ:TLTZY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a $6.50 target price on the stock. Zacks Investment Research‘s target price points to a potential upside of 13.24% from the stock’s previous close.

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 (TLTZY) traded down 1.88% during midday trading on Friday, hitting $5.74. 125 shares of the stock were exchanged. The firm has a 50 day moving average of $5.79 and a 200-day moving average of $5.03. The stock’s market cap is $5.77 billion. TELE2 AB has a 12-month low of $3.74 and a 12-month high of $5.95.

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