Tele2 (OTCMKTS:TLTZY) Posts Earnings Results, Misses Expectations By $0.01 EPS

Tele2 (OTCMKTS:TLTZY) posted its quarterly earnings data on Tuesday. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), Zacks reports. Tele2 had a net margin of 33.96% and a return on equity of 43.42%.

Tele2 Stock Performance

OTCMKTS TLTZY opened at $7.82 on Tuesday. The company has a market cap of $10.76 billion, a PE ratio of 10.23 and a beta of 0.38. The stock’s 50 day simple moving average is $8.45 and its 200-day simple moving average is $9.07. Tele2 has a 1-year low of $7.37 and a 1-year high of $11.61. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.70 and a quick ratio of 0.64.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Sanford C. Bernstein lowered shares of Tele2 to a “market perform” rating in a report on Thursday, September 24th. BNP Paribas Exane cut shares of Tele2 from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 9th. Finally, Zacks Research cut shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Tele2 presently has an average rating of “Hold”.

About Tele2

Tele2 AB is a Swedish telecommunications company headquartered in Stockholm. The company provides mobile and fixed-line communications services, broadband, digital television and related connectivity solutions to consumers, businesses and public-sector customers.

Tele2’s offerings include mobile voice and data plans, high-speed broadband, fixed and mobile networks, television services, and business communications solutions. It also provides Internet of Things connectivity and related services for organizations seeking to connect and manage devices and equipment.

Tele2 primarily serves customers in Sweden and the Baltic countries of Estonia, Latvia and Lithuania.