TELE2 AB/ADR (OTCMKTS:TLTZY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday, Zacks.com reports. The firm currently has a $7.50 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.44% from the company’s current price.

According to Zacks, “Tele2 AB provides telecommunication services to residential and business customers. The Company offers mobile services, fixed broadband and telephony, data network services and content services. It operates primarily in Sweden, the Netherlands, Kazakhstan, Croatia, Lithuania, Latvia, Estonia, Austria, Germany and internationally. Tele2 AB is based in Stockholm, Sweden. “

TLTZY remained flat at $$6.67 during midday trading on Thursday. 835 shares of the company’s stock traded hands, compared to its average volume of 67. TELE2 AB/ADR has a 12-month low of $5.73 and a 12-month high of $6.84. The company has a current ratio of 1.16, a quick ratio of 1.13 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $6.71 billion, a P/E ratio of 29.00 and a beta of 0.58.

TELE2 AB/ADR (OTCMKTS:TLTZY) last posted its quarterly earnings results on Wednesday, February 13th. The company reported ($0.05) earnings per share for the quarter. TELE2 AB/ADR had a net margin of 4.27% and a return on equity of 4.68%. The company had revenue of $796.24 million during the quarter, compared to the consensus estimate of $883.41 million. As a group, analysts forecast that TELE2 AB/ADR will post 0.28 earnings per share for the current fiscal year.

About TELE2 AB/ADR

Tele2 AB (publ), a telecom operator, provides telecommunication services for residential and business customers. The company offers mobile voice telephony, handset data, messaging, and value-added services, such as handset insurance, antivirus, and content services; mobile broadband services; and fixed voice and broadband, TV, and fixed and mobile telephony services.

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