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

Tele2 (OTCMKTS:TLTZY) announced its quarterly earnings results on Tuesday. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), Zacks reports. Tele2 had a net margin of 33.96% and a return on equity of 43.42%.

Tele2 Price Performance

Shares of TLTZY opened at $7.82 on Tuesday. The stock has a 50 day simple moving average of $8.45 and a 200 day simple moving average of $9.07. Tele2 has a 52-week low of $7.37 and a 52-week high of $11.61. 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 market capitalization of $10.76 billion, a PE ratio of 10.03 and a beta of 0.38.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Sanford C. Bernstein lowered shares of Tele2 to a “market perform” rating in a research note on Thursday, September 24th. Kepler Capital Markets upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. BNP Paribas Exane downgraded shares of Tele2 from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 9th. Finally, Zacks Research downgraded shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

About Tele2

Tele2 AB is a Swedish telecommunications company headquartered in Stockholm. The company provides mobile and fixed-line communications services, broadband, digital television and related connectivity solutions to consumers, businesses and public-sector customers.

Tele2’s offerings include mobile voice and data plans, high-speed broadband, fixed and mobile networks, television services, and business communications solutions. It also provides Internet of Things connectivity and related services for organizations seeking to connect and manage devices and equipment.

Tele2 primarily serves customers in Sweden and the Baltic countries of Estonia, Latvia and Lithuania.