Tele2 (OTCMKTS:TLTZY) Stock Rating Lowered by Zacks Research

Tele2 (OTCMKTS:TLTZY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also commented on TLTZY. Citigroup lowered Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Finally, Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Tele2 Stock Performance

TLTZY stock traded up $0.15 during midday trading on Thursday, reaching $8.67. The stock had a trading volume of 159,592 shares, compared to its average volume of 153,755. The firm has a fifty day simple moving average of $9.37 and a two-hundred day simple moving average of $9.65. Tele2 has a 52-week low of $6.88 and a 52-week high of $11.61. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.03. The stock has a market cap of $11.88 billion, a PE ratio of 11.12 and a beta of 0.40.

Tele2 (OTCMKTS:TLTZY) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.40. The business had revenue of $764.89 million for the quarter, compared to the consensus estimate of $775.46 million. Tele2 had a return on equity of 44.93% and a net margin of 34.19%. As a group, equities research analysts anticipate that Tele2 will post 0.83 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.