Tele2 (OTCMKTS:TLTZY) Releases Earnings Results, Beats Estimates By $0.40 EPS

Tele2 (OTCMKTS:TLTZY) posted its quarterly earnings data on Wednesday. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.40, Zacks reports. The business had revenue of $764.89 million for the quarter, compared to analysts’ expectations of $775.46 million. Tele2 had a return on equity of 49.95% and a net margin of 34.19%.

Tele2 Price Performance

OTCMKTS:TLTZY opened at $10.14 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 0.57. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 13.00 and a beta of 0.44. The stock has a fifty day moving average of $10.53 and a 200 day moving average of $9.09. Tele2 has a 52-week low of $6.88 and a 52-week high of $11.61.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

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.