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

Shares of Tele2 (OTCMKTS:TLTZY) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of research analysts have issued reports on the stock. Zacks Research cut shares of Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Finally, Citigroup lowered Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th.

Tele2 Stock Performance

TLTZY opened at $8.42 on Tuesday. Tele2 has a 52-week low of $7.39 and a 52-week high of $11.61. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. The company has a market cap of $11.54 billion, a P/E ratio of 10.79 and a beta of 0.40. The firm’s 50-day moving average price is $9.00 and its 200-day moving average price is $9.65.

Tele2 (OTCMKTS:TLTZY) last released its earnings results on Thursday, July 16th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $766.77 million during the quarter, compared to analyst estimates of $750.18 million. Tele2 had a return on equity of 42.92% and a net margin of 33.96%. As a group, equities analysts anticipate that Tele2 will post 0.78 EPS for the current fiscal 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.