Tele2 (OTCMKTS:TLTZY) Receives Average Recommendation of “Buy” from Brokerages

Tele2 (OTCMKTS:TLTZY) has been assigned an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company.

Several equities research analysts have weighed in on TLTZY shares. New Street Research upgraded Tele2 to a “buy” rating in a report on Wednesday, December 17th. BNP Paribas Exane raised shares of Tele2 from a “hold” rating to an “outperform” rating in a research note on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research report on Tuesday.

Tele2 Trading Up 2.6%

OTCMKTS TLTZY opened at $9.13 on Tuesday. The stock has a market cap of $12.49 billion, a PE ratio of 26.84 and a beta of 0.44. Tele2 has a 12 month low of $5.45 and a 12 month high of $9.34. The company’s 50-day moving average price is $8.21 and its 200-day moving average price is $8.22. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.07.

Tele2 (OTCMKTS:TLTZY) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Tele2 had a net margin of 15.40% and a return on equity of 22.04%. The company had revenue of $854.77 million during the quarter, compared to analysts’ expectations of $866.14 million. Equities research analysts forecast that Tele2 will post 0.28 earnings per share for the current year.

Tele2 Company Profile

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.