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

by · The Cerbat Gem

Tele2 (OTCMKTS:TLTZY – Get Free Report) has earned an average recommendation of “Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating on the company.

TLTZY has been the subject of a number of research reports. Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Zacks Research raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st.

View Our Latest Stock Report on TLTZY

Tele2 Price Performance

TLTZY opened at $9.39 on Monday. The stock has a 50-day moving average price of $10.17 and a 200-day moving average price of $9.40. Tele2 has a 12-month low of $6.88 and a 12-month high of $11.61. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $12.87 billion, a P/E ratio of 12.04 and a beta of 0.39.

Tele2 (OTCMKTS:TLTZY – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.40. Tele2 had a return on equity of 44.93% and a net margin of 34.19%.The firm had revenue of $764.89 million during the quarter, compared to analysts’ expectations of $775.46 million. Equities analysts predict that Tele2 will post 0.83 earnings per share for the current fiscal year.

Tele2 Company Profile

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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.

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