Tele2 (OTCMKTS:TLTZY – Get Free Report) was upgraded by analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Zacks Research raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Tele2
Tele2 Price Performance
Tele2 (OTCMKTS:TLTZY – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.40. The business had revenue of $764.89 million during the quarter, compared to analysts’ expectations of $775.46 million. Tele2 had a return on equity of 44.93% and a net margin of 34.19%. Equities research analysts predict that Tele2 will post 0.83 earnings per share for the current year.
Tele2 Company Profile
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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