Tele2 (TLTZY) to Announce Earnings on Thursday

Tele2 (OTCMKTS:TLTZY) is expected to issue its resultson Thursday, July 16th. Analysts expect Tele2 to post earnings of $0.11 per share and revenue of $768.3720 million for the quarter.

Tele2 (OTCMKTS:TLTZY) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 EPS for the quarter, beating 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 firm had revenue of $764.89 million during the quarter, compared to the consensus estimate of $775.46 million. On average, analysts expect Tele2 to post $1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tele2 Stock Up 1.4%

Shares of OTCMKTS:TLTZY opened at $8.55 on Thursday. The firm has a fifty day moving average price of $9.42 and a two-hundred day moving average price of $9.65. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 10.96 and a beta of 0.40. 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 has a one year low of $6.88 and a one year high of $11.61.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. 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 lowered Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Tele2 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.