Tele2 (OTCMKTS:TLTZY) Receives Average Recommendation of “Buy” from Brokerages

Shares of Tele2 (OTCMKTS:TLTZY) have received a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company.

A number of research firms have recently commented on TLTZY. New Street Research upgraded Tele2 to a “buy” rating in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research report on Tuesday, January 27th.

Tele2 Price Performance

Shares of OTCMKTS TLTZY opened at $10.63 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.57 and a quick ratio of 0.53. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 31.26 and a beta of 0.45. The firm’s 50 day simple moving average is $9.17 and its 200-day simple moving average is $8.55. Tele2 has a 12 month low of $5.75 and a 12 month high of $11.61.

Tele2 (OTCMKTS:TLTZY) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Tele2 had a return on equity of 21.68% and a net margin of 15.40%.The firm had revenue of $854.77 million for the quarter, compared to analysts’ expectations of $866.14 million. Analysts expect that Tele2 will post 0.28 EPS for the current year.

Tele2 Company Profile

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.