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

Shares of Tele2 (OTCMKTS:TLTZYGet Free Report) have received an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and three have issued a strong buy recommendation on the company.

A number of brokerages have weighed in on TLTZY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st. Zacks Research raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Citigroup lowered shares of Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th.

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Tele2 Price Performance

Tele2 stock opened at $8.98 on Friday. The company’s 50 day simple moving average is $9.73 and its 200 day simple moving average is $9.61. Tele2 has a fifty-two week low of $6.88 and a fifty-two week high of $11.61. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 11.51 and a beta of 0.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 0.97.

Tele2 (OTCMKTS:TLTZYGet Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.40. Tele2 had a net margin of 34.19% and a return on equity of 44.93%. The business had revenue of $764.89 million for the quarter, compared to analyst estimates of $775.46 million. As a group, sell-side analysts anticipate that Tele2 will post 0.83 EPS for the current year.

Tele2 Company Profile

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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.

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Analyst Recommendations for Tele2 (OTCMKTS:TLTZY)

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