Tele2 (OTCMKTS:TLTZY) Announces Quarterly Earnings Results

Tele2 (OTCMKTS:TLTZY) announced its quarterly earnings data on Tuesday. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01), Zacks reports. Tele2 had a net margin of 33.96% and a return on equity of 43.42%.

Tele2 Price Performance

Shares of OTCMKTS TLTZY opened at $7.82 on Tuesday. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 10.23 and a beta of 0.38. Tele2 has a 12 month low of $7.37 and a 12 month high of $11.61. The firm’s 50 day simple moving average is $8.45 and its 200-day simple moving average is $9.07. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.70 and a quick ratio of 0.64.

Analysts Set New Price Targets

Several research analysts recently issued reports on TLTZY shares. Zacks Research cut shares of Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. BNP Paribas Exane downgraded shares of Tele2 from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 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, Sanford C. Bernstein lowered shares of Tele2 to a “market perform” rating in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Tele2 Company Profile

Tele2 AB is a Swedish telecommunications company headquartered in Stockholm. The company provides mobile and fixed-line communications services, broadband, digital television and related connectivity solutions to consumers, businesses and public-sector customers.

Tele2’s offerings include mobile voice and data plans, high-speed broadband, fixed and mobile networks, television services, and business communications solutions. It also provides Internet of Things connectivity and related services for organizations seeking to connect and manage devices and equipment.

Tele2 primarily serves customers in Sweden and the Baltic countries of Estonia, Latvia and Lithuania.