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

Tele2 (OTCMKTS:TLTZY) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company.

A number of equities analysts have recently issued reports on the company. BNP Paribas Exane upgraded Tele2 from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. New Street Research raised shares of Tele2 to a “buy” rating in a report on Wednesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a report on Tuesday.

Tele2 Stock Up 1.5%

Shares of OTCMKTS TLTZY traded up $0.14 during mid-day trading on Tuesday, reaching $9.11. 645 shares of the company’s stock were exchanged, compared to its average volume of 1,339. The business has a fifty day simple moving average of $8.12 and a 200 day simple moving average of $8.19. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.07. Tele2 has a twelve month low of $5.24 and a twelve month high of $9.34. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 29.38 and a beta of 0.44.

About Tele2

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.