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

Shares of Tele2 (OTCMKTS:TLTZY) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company.

A number of research firms recently weighed in on TLTZY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Zacks Research cut shares of Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Citigroup lowered Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th.

Tele2 Trading Down 0.9%

Shares of TLTZY stock opened at $8.14 on Tuesday. The firm has a market cap of $11.16 billion, a P/E ratio of 10.44 and a beta of 0.40. The firm’s 50-day simple moving average is $9.06 and its 200-day simple moving average is $9.65. Tele2 has a 1-year low of $7.39 and a 1-year high of $11.61. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 0.97.

Tele2 (OTCMKTS:TLTZY) last issued its earnings results on Thursday, July 16th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $766.77 million during the quarter, compared to analyst estimates of $750.18 million. Tele2 had a net margin of 33.96% and a return on equity of 42.92%. As a group, equities analysts forecast that Tele2 will post 0.78 EPS for the current year.

About Tele2

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.