Tele2 (OTCMKTS:TLTZY – Get Free Report) saw strong trading volume on Friday . 47,356 shares changed hands during trading, an increase of 106% from the previous session’s volume of 23,041 shares.The stock last traded at $10.01 and had previously closed at $10.08.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research report on Tuesday, January 27th. New Street Research upgraded Tele2 to a “buy” rating in a research note on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.
Check Out Our Latest Stock Report on Tele2
Tele2 Stock Up 0.9%
Tele2 (OTCMKTS:TLTZY – Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $854.77 million during the quarter, compared to analysts’ expectations of $866.14 million. Tele2 had a net margin of 15.40% and a return on equity of 21.68%. As a group, equities research analysts anticipate that Tele2 will post 0.28 EPS for the current fiscal 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.
Further Reading
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