Tele2 (TLTZY) – What Are Brokerages Thinking About This Stock?

Shares of Tele2 (OTCMKTS:TLTZY) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

TLTZY has been the subject of a number of recent research reports. Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Sanford C. Bernstein cut Tele2 to a “market perform” rating in a report on Thursday, September 24th. Zacks Research downgraded shares of Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, BNP Paribas Exane cut shares of Tele2 from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 9th.

Tele2 Price Performance

Shares of OTCMKTS:TLTZY opened at $8.17 on Thursday. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 10.24 and a beta of 0.40. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.70 and a quick ratio of 0.64. The firm has a 50 day simple moving average of $8.29 and a 200 day simple moving average of $9.26. Tele2 has a one year low of $7.37 and a one year high of $11.61.

Tele2 (OTCMKTS:TLTZY) last announced its earnings results on Tuesday, October 20th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Tele2 had a net margin of 34.23% and a return on equity of 42.14%. The company had revenue of $788.19 million during the quarter, compared to the consensus estimate of $716.73 million. Research analysts predict that Tele2 will post 0.75 earnings per share for the current fiscal year.

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.