Tele2 (OTCMKTS:TLTZY) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Tele2 (OTCMKTS:TLTZY) posted its quarterly earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01), Zacks reports. Tele2 had a return on equity of 44.93% and a net margin of 34.19%.

Tele2 Stock Performance

Shares of TLTZY opened at $8.71 on Thursday. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 11.17 and a beta of 0.40. The business’s fifty day simple moving average is $9.28 and its two-hundred day simple moving average is $9.67. Tele2 has a 12 month low of $6.96 and a 12 month high of $11.61. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Zacks Research lowered Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Finally, Kepler Capital Markets upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.