TELE2 AB (NASDAQ:TLTZY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

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. “

Shares of TELE2 AB (NASDAQ TLTZY) opened at 5.74 on Tuesday. TELE2 AB has a 1-year low of $3.74 and a 1-year high of $5.95. The stock’s market capitalization is $5.77 billion. The stock has a 50 day moving average of $5.63 and a 200-day moving average of $4.92.

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