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

Shares of Tele2 (OTCMKTS:TLTZY) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of equities research analysts have recently commented on the stock. Zacks Research cut shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, BNP Paribas Exane lowered shares of Tele2 from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 9th.

Tele2 Stock Performance

Shares of TLTZY stock opened at $8.90 on Wednesday. Tele2 has a 52-week low of $7.39 and a 52-week high of $11.61. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.94. The stock has a market cap of $12.24 billion, a PE ratio of 11.41 and a beta of 0.39. The business has a 50-day simple moving average of $8.64 and a 200-day simple moving average of $9.46.

Tele2 (OTCMKTS:TLTZY) last announced its quarterly earnings results on Thursday, July 16th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Tele2 had a net margin of 33.96% and a return on equity of 43.42%. The company had revenue of $766.77 million for the quarter, compared to analysts’ expectations of $750.18 million. On average, equities analysts expect that Tele2 will post 0.78 EPS for the current year.

About Tele2

Tele2 AB is a Sweden-based telecommunications company that provides connectivity and digital communications services to consumers, businesses and public-sector organizations. Its offerings include mobile voice and data services, fixed broadband, telephony, television and related digital solutions.

The company also provides business connectivity, communications and Internet of Things services, helping organizations connect employees, locations, devices and industrial applications. Tele2 serves customers primarily in Sweden and the Baltic region, including Lithuania, Latvia and Estonia.

Founded in 1993, Tele2 established itself as a challenger in the Nordic telecommunications market and has expanded and reshaped its operations through acquisitions, disposals and partnerships.