Tele2 (OTCMKTS:TLTZY) Receives Consensus Rating of “Buy” from Analysts

Shares of Tele2 (OTCMKTS:TLTZYGet Free Report) have been assigned a consensus rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company.

A number of brokerages recently commented on TLTZY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st. Zacks Research raised Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Citigroup lowered Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th.

Check Out Our Latest Research Report on Tele2

Tele2 Stock Performance

OTCMKTS:TLTZY opened at $9.18 on Monday. The firm has a market capitalization of $12.58 billion, a PE ratio of 11.76 and a beta of 0.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.03. The stock has a 50-day simple moving average of $10.08 and a two-hundred day simple moving average of $9.44. Tele2 has a 52-week low of $6.88 and a 52-week high of $11.61.

Tele2 (OTCMKTS:TLTZYGet Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.40. The firm had revenue of $764.89 million during the quarter, compared to analyst estimates of $775.46 million. Tele2 had a return on equity of 44.93% and a net margin of 34.19%. Analysts forecast that Tele2 will post 0.83 EPS for the current year.

Tele2 Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Tele2 (OTCMKTS:TLTZY)

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