TELE2 AB (NASDAQ:TLTZY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $6.50 price target on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 13.24% from the stock’s previous close.
According to Zacks, “Tele2 AB provides telecommunication services to residential and business customers. The Company offers mobile services, fixed broadband and telephony, data network services and content services. It operates primarily in Sweden, the Netherlands, Kazakhstan, Croatia, Lithuania, Latvia, Estonia, Austria, Germany and internationally. Tele2 AB is based in Stockholm, Sweden. “
Shares of TELE2 AB (TLTZY) opened at 5.74 on Friday. The company has a 50 day moving average price of $5.79 and a 200-day moving average price of $5.03. TELE2 AB has a 12 month low of $3.74 and a 12 month high of $5.95. The stock’s market cap is $5.77 billion.
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