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

Shares of Tele2 (OTCMKTS:TLTZYGet Free Report) have received a consensus rating of “Buy” from the six analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company.

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

View Our Latest Stock Report on TLTZY

Tele2 Stock Performance

Shares of Tele2 stock opened at $10.62 on Friday. The firm has a 50-day moving average of $10.44 and a 200-day moving average of $8.97. The stock has a market cap of $14.56 billion, a PE ratio of 31.24 and a beta of 0.44. Tele2 has a 52-week low of $6.45 and a 52-week high of $11.61. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 0.57.

Tele2 (OTCMKTS:TLTZYGet Free Report) last announced its earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, sell-side analysts forecast that Tele2 will post 0.28 EPS for the current year.

About Tele2

(Get Free Report)

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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Analyst Recommendations for Tele2 (OTCMKTS:TLTZY)

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