Tele2 (OTCMKTS:TLTZY) Receives Average Recommendation of “Buy” from Brokerages

Tele2 (OTCMKTS:TLTZY) has been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company.

TLTZY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Zacks Research upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, Citigroup cut Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th.

Tele2 Price Performance

TLTZY opened at $9.39 on Monday. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 12.04 and a beta of 0.39. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $10.17 and a 200-day moving average price of $9.40. Tele2 has a twelve month low of $6.88 and a twelve month high of $11.61.

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