Tele2 AB (publ) (OTCMKTS:TLTZY) Given Consensus Recommendation of “Hold” by Brokerages

Tele2 AB (publ) (OTCMKTS:TLTZY – Get Rating) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $144.00.

A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Tele2 AB (publ) from a “buy” rating to a “hold” rating in a report on Saturday, April 16th. SEB Equities downgraded Tele2 AB (publ) from a “buy” rating to a “sell” rating and set a SEK 120 price target on the stock. in a research note on Monday, February 7th. Morgan Stanley assumed coverage on Tele2 AB (publ) in a research note on Tuesday, April 12th. They issued an “equal weight” rating on the stock. Barclays decreased their price target on Tele2 AB (publ) from SEK 155 to SEK 150 and set an “overweight” rating on the stock in a research note on Friday, April 1st. Finally, JPMorgan Chase & Co. lifted their price target on Tele2 AB (publ) from SEK 168 to SEK 170 in a research note on Friday, April 22nd.

Shares of TLTZY opened at $5.97 on Thursday. Tele2 AB has a fifty-two week low of $5.97 and a fifty-two week high of $7.97. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 12.44 and a beta of 0.52. The firm has a 50-day simple moving average of $7.08 and a 200-day simple moving average of $7.01. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.31 and a current ratio of 1.38.

Tele2 AB (publ) (OTCMKTS:TLTZY – Get Rating) last announced its earnings results on Thursday, April 21st. The company reported $0.19 earnings per share for the quarter. Tele2 AB (publ) had a net margin of 21.69% and a return on equity of 17.83%. The business had revenue of $722.07 million during the quarter, compared to the consensus estimate of $705.71 million. Equities research analysts forecast that Tele2 AB will post 0.35 EPS for the current year.

The company also recently announced a dividend, which was paid on Friday, May 20th. Shareholders of record on Monday, May 2nd were given a dividend of $0.6811 per share. This represents a yield of 12.19%. This is an increase from Tele2 AB (publ)’s previous dividend of $0.67. The ex-dividend date of this dividend was Friday, April 29th. Tele2 AB (publ)’s payout ratio is presently 268.76%.

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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