Tele2 (OTCMKTS:TLTZY) Given Average Recommendation of “Buy” by Brokerages

Tele2 (OTCMKTS:TLTZY) has been given an average rating of “Buy” by the six brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company.

Several equities research analysts have recently issued reports on TLTZY shares. New Street Research raised Tele2 to a “buy” rating in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a report on Tuesday, January 27th.

Tele2 Trading Down 0.0%

OTCMKTS:TLTZY opened at $10.87 on Friday. Tele2 has a 52 week low of $5.75 and a 52 week high of $11.43. The firm has a 50-day moving average price of $9.00 and a two-hundred day moving average price of $8.49. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 0.57. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 31.96 and a beta of 0.45.

Tele2 (OTCMKTS:TLTZY) last released its earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $854.77 million during the quarter, compared to the consensus estimate of $866.14 million. Tele2 had a net margin of 15.40% and a return on equity of 21.68%. On average, equities analysts expect that Tele2 will post 0.28 earnings per share for the current fiscal 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.