TELE2 AB (NASDAQ:TLTZY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $6.50 price objective on the stock. Zacks Investment Research‘s price target indicates a potential upside of 13.24% from the stock’s current price.

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 (TLTZY) opened at 5.74 on Wednesday. TELE2 AB has a 12-month low of $3.74 and a 12-month high of $5.95. The stock has a 50 day moving average price of $5.72 and a 200 day moving average price of $4.97. The firm’s market cap is $5.77 billion.

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