Tele2 (OTCMKTS:TLTZY) Raised to Strong-Buy at Zacks Research

Posted by Lindsey Winhoffer on May 21st, 2026

Tele2 (OTCMKTS:TLTZY – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Citigroup lowered shares of Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

View Our Latest Analysis on TLTZY

Tele2 Trading Down 1.4%

Shares of TLTZY opened at $9.96 on Tuesday. Tele2 has a 1-year low of $6.88 and a 1-year high of $11.61. The company has a 50-day moving average of $10.31 and a 200 day moving average of $9.31. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 12.77 and a beta of 0.42. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.57 and a quick ratio of 0.53.

Tele2 (OTCMKTS:TLTZY – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.50 earnings per share 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 company had revenue of $764.89 million during the quarter, compared to analyst estimates of $775.46 million. On average, research analysts expect that Tele2 will post 0.44 EPS for the current year.

Tele2 Company Profile

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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.