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

Shares of Tele2 (OTCMKTS:TLTZY) have earned an average rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of analysts recently commented on the stock. New Street Research upgraded shares of Tele2 to a “buy” rating in a research note on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a research note on Tuesday.

Tele2 Stock Up 0.6%

Shares of TLTZY opened at $9.18 on Tuesday. The company has a market cap of $12.57 billion, a PE ratio of 27.01 and a beta of 0.44. The business has a fifty day moving average of $8.25 and a 200 day moving average of $8.24. Tele2 has a 52-week low of $5.45 and a 52-week high of $9.34. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.07.

Tele2 (OTCMKTS:TLTZY) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Tele2 had a net margin of 15.40% and a return on equity of 22.04%. The business had revenue of $854.77 million during the quarter, compared to the consensus estimate of $866.14 million. On average, sell-side analysts expect that Tele2 will post 0.28 EPS 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.