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

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

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

Tele2 Price Performance

Shares of TLTZY opened at $10.21 on Wednesday. Tele2 has a fifty-two week low of $6.13 and a fifty-two week high of $11.61. The firm’s 50-day simple moving average is $9.91 and its two-hundred day simple moving average is $8.79. The stock has a market cap of $13.99 billion, a PE ratio of 30.03 and a beta of 0.44. 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: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 for the quarter, compared to analysts’ expectations of $866.14 million. Tele2 had a net margin of 15.40% and a return on equity of 21.68%. Analysts anticipate 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.