Tele2 (TLTZY) Expected to Announce Quarterly Earnings on Wednesday

Tele2 (OTCMKTS:TLTZY) is expected to announce its results before the market opens on Wednesday, February 4th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.

Tele2 Trading Up 1.5%

OTCMKTS:TLTZY opened at $9.11 on Wednesday. Tele2 has a 52 week low of $5.24 and a 52 week high of $9.34. The firm has a 50-day moving average price of $8.15 and a two-hundred day moving average price of $8.20. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.63 and a current ratio of 0.68. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 29.38 and a beta of 0.44.

Analysts Set New Price Targets

Several research firms recently weighed in on TLTZY. BNP Paribas Exane upgraded shares of Tele2 from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research report on Tuesday. Finally, New Street Research raised shares of Tele2 to a “buy” rating in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

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.