Zacks Investment Research Lowers TELE2 AB/ADR (TLTZY) to Sell

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Zacks Investment Research lowered shares of TELE2 AB/ADR (OTCMKTS:TLTZY) from a hold rating to a sell rating in a research note released on Tuesday morning.

According to Zacks, “Tele2 AB provides telecommunication services to residential and business customers. The Company offers mobile services, fixed broadband and telephony, data network services and content services. It operates primarily in Sweden, the Netherlands, Kazakhstan, Croatia, Lithuania, Latvia, Estonia, Austria, Germany and internationally. Tele2 AB is based in Stockholm, Sweden. “

Separately, Berenberg Bank upgraded shares of TELE2 AB/ADR from a hold rating to a buy rating in a research report on Monday, November 19th.

TELE2 AB/ADR stock opened at $6.30 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.68 and a current ratio of 1.73. TELE2 AB/ADR has a 1 year low of $5.65 and a 1 year high of $6.53. The stock has a market capitalization of $6.33 billion, a PE ratio of 21.71 and a beta of 0.74.

TELE2 AB/ADR Company Profile

Tele2 AB (publ), a telecom operator, provides telecommunication services for residential and business customers. The company offers mobile voice telephony, handset data, messaging, and value-added services, such as handset insurance, antivirus, and content services; mobile broadband services; and fixed voice and broadband, TV, and fixed and mobile telephony services.

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