Tele2 (OTCMKTS:TLTZY) Given Average Rating of “Moderate Buy” by Brokerages

Tele2 (OTCMKTS:TLTZY) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

TLTZY has been the topic of several recent research reports. Zacks Research downgraded Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th.

Tele2 Stock Performance

OTCMKTS TLTZY opened at $8.94 on Wednesday. The firm has a market cap of $12.30 billion, a P/E ratio of 11.46 and a beta of 0.39. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.94. The company’s 50 day moving average is $8.59 and its 200-day moving average is $9.53. Tele2 has a 12-month low of $7.39 and a 12-month high of $11.61.

Tele2 (OTCMKTS:TLTZY) last released its quarterly earnings data on Thursday, July 16th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Tele2 had a return on equity of 43.42% and a net margin of 33.96%.The business had revenue of $766.77 million during the quarter, compared to the consensus estimate of $750.18 million. Sell-side analysts predict that Tele2 will post 0.78 earnings per share for the current year.

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.