Tele2 (OTCMKTS:TLTZY) Upgraded by Kepler Capital Markets to “Strong-Buy” Rating

Kepler Capital Markets upgraded shares of Tele2 (OTCMKTS:TLTZY) from a hold rating to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Tele2 Price Performance

OTCMKTS TLTZY traded up $0.15 during trading hours on Wednesday, hitting $8.67. The company had a trading volume of 159,592 shares, compared to its average volume of 153,755. Tele2 has a 52 week low of $6.88 and a 52 week high of $11.61. The firm has a 50 day simple moving average of $9.37 and a 200 day simple moving average of $9.65. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.03. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 11.12 and a beta of 0.40.

Tele2 (OTCMKTS:TLTZY) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.40. Tele2 had a return on equity of 44.93% and a net margin of 34.19%.The firm had revenue of $764.89 million for the quarter, compared to analysts’ expectations of $775.46 million. Equities research analysts expect that Tele2 will post 0.83 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.