Tele2 (OTCMKTS:TLTZY) Upgraded by Zacks Research to Strong-Buy Rating

Tele2 (OTCMKTS:TLTZY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently weighed in on TLTZY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st. Citigroup downgraded shares of Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Tele2 has an average rating of “Buy”.

Tele2 Trading Down 1.4%

Shares of TLTZY opened at $9.96 on Tuesday. The firm’s 50 day simple moving average is $10.31 and its 200 day simple moving average is $9.31. The company has a market capitalization of $13.65 billion, a P/E ratio of 12.77 and a beta of 0.42. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.57 and a quick ratio of 0.53. Tele2 has a 1-year low of $6.88 and a 1-year high of $11.61.

Tele2 (OTCMKTS:TLTZY) last announced its earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.40. The business had revenue of $764.89 million for the quarter, compared to the consensus estimate of $775.46 million. Tele2 had a net margin of 34.19% and a return on equity of 49.95%. Sell-side analysts forecast that Tele2 will post 0.44 earnings per share for the current fiscal 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.