Tele2 AB (publ) (OTCMKTS:TLTZY) Rating Lowered to Hold at Zacks Investment Research

Tele2 AB (publ) (OTCMKTS:TLTZYGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday, Zacks.com reports.

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. “

Several other analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tele2 AB (publ) from SEK 115 to SEK 120 in a report on Thursday, January 13th. JPMorgan Chase & Co. decreased their target price on shares of Tele2 AB (publ) from SEK 169 to SEK 168 and set an “overweight” rating for the company in a research note on Friday, January 14th. Barclays decreased their target price on shares of Tele2 AB (publ) from SEK 155 to SEK 150 and set an “overweight” rating for the company in a research note on Friday, April 1st. Morgan Stanley started coverage on shares of Tele2 AB (publ) in a research note on Tuesday. They issued an “equal weight” rating for the company. Finally, SEB Equities cut shares of Tele2 AB (publ) from a “buy” rating to a “sell” rating and set a SEK 120 price objective for the company. in a research report on Monday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.15.

OTCMKTS:TLTZY opened at $7.60 on Friday. The company has a market cap of $10.15 billion, a PE ratio of 21.11 and a beta of 0.51. Tele2 AB has a twelve month low of $6.04 and a twelve month high of $7.97. The company has a current ratio of 1.38, a quick ratio of 1.31 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $7.02 and its two-hundred day moving average is $7.08.

Tele2 AB (publ) (OTCMKTS:TLTZYGet Rating) last released its quarterly earnings data on Tuesday, February 1st. The company reported $0.08 EPS for the quarter. The business had revenue of $793.67 million for the quarter, compared to the consensus estimate of $778.80 million. Tele2 AB (publ) had a net margin of 16.10% and a return on equity of 12.79%. As a group, analysts expect that Tele2 AB will post 0.3 EPS for the current fiscal year.

About Tele2 AB (publ) (Get Rating)

Tele2 AB (publ), a telecom operator, provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, and security services.

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