Tele2 (OTCMKTS:TLTZY) Receives Average Recommendation of “Hold” from Brokerages

Tele2 (OTCMKTS:TLTZY) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several research analysts recently weighed in on TLTZY shares. BNP Paribas Exane downgraded shares of Tele2 from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 9th. Sanford C. Bernstein cut Tele2 to a “market perform” rating in a report on Thursday, September 24th. Zacks Research lowered Tele2 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Kepler Capital Markets raised Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th.

Tele2 Price Performance

Shares of OTCMKTS TLTZY opened at $7.82 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.64 and a current ratio of 0.70. The firm has a fifty day moving average of $8.60 and a 200 day moving average of $9.23. The firm has a market cap of $10.76 billion, a PE ratio of 10.03 and a beta of 0.38. Tele2 has a one year low of $7.39 and a one year high of $11.61.

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

Tele2 Company Profile

Tele2 AB is a Swedish telecommunications company that provides mobile and fixed communications services to consumers, businesses and public-sector customers. Its offerings include mobile voice and data services, broadband connectivity, fixed-line communications, digital television and related communications solutions.

The company also provides internet-of-things (IoT) connectivity and other business services designed to help organizations connect devices, manage communications and support digital operations.