Tele2 (OTCMKTS:TLTZY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Tele2 (OTCMKTS:TLTZY) has received an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of brokerages have commented on TLTZY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Zacks Research downgraded shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Citigroup downgraded shares of Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Finally, Kepler Capital Markets upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th.

Tele2 Trading Up 1.5%

TLTZY opened at $8.58 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.94. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 11.00 and a beta of 0.39. Tele2 has a 12 month low of $7.39 and a 12 month high of $11.61. The stock has a fifty day moving average price of $8.72 and a 200-day moving average price of $9.66.

Tele2 (OTCMKTS:TLTZY) last issued its quarterly earnings data on Thursday, July 16th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $750.18 million. As a group, equities research analysts anticipate that Tele2 will post 0.78 earnings per share for the current fiscal 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.