Tele2 (OTCMKTS:TLTZY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Tele2 (OTCMKTS:TLTZY) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts recently issued reports on the company. Zacks Research lowered Tele2 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Finally, Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th.

Tele2 Stock Down 2.5%

Shares of OTCMKTS TLTZY opened at $8.07 on Tuesday. 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 business’s 50 day moving average is $9.17 and its two-hundred day moving average is $9.67. Tele2 has a 52-week low of $7.39 and a 52-week high of $11.61. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 10.35 and a beta of 0.40.

Tele2 (OTCMKTS:TLTZY) last released its quarterly earnings results on Thursday, July 16th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Tele2 had a return on equity of 42.92% and a net margin of 33.96%.The firm had revenue of $766.77 million for the quarter, compared to analysts’ expectations of $750.18 million. Research analysts predict that Tele2 will post 0.8 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.