Tele2 (OTCMKTS:TLTZY) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Tele2 (OTCMKTS:TLTZY) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other brokerages have also recently weighed in on TLTZY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Tele2 Price Performance

OTCMKTS TLTZY opened at $9.96 on Tuesday. Tele2 has a 12 month low of $6.88 and a 12 month high of $11.61. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.57 and a quick ratio of 0.53. The firm has a market capitalization of $13.65 billion, a PE ratio of 12.77 and a beta of 0.42. The company’s 50 day simple moving average is $10.31 and its 200 day simple moving average is $9.31.

Tele2 (OTCMKTS:TLTZY) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.40. Tele2 had a net margin of 34.19% and a return on equity of 49.95%. The business had revenue of $764.89 million for the quarter, compared to analyst estimates of $775.46 million. As a group, equities research analysts forecast that Tele2 will post 0.44 EPS 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.