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

Tele2 (OTCMKTS:TLTZY) issued its earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01), Zacks reports. Tele2 had a return on equity of 44.93% and a net margin of 34.19%.

Tele2 Price Performance

OTCMKTS:TLTZY opened at $8.71 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 0.97. The company has a 50 day moving average price of $9.28 and a 200-day moving average price of $9.67. Tele2 has a 1-year low of $6.96 and a 1-year high of $11.61. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 11.17 and a beta of 0.40.

Analyst Upgrades and Downgrades

TLTZY has been the topic of several recent research reports. Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Citigroup lowered Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Finally, Zacks Research downgraded Tele2 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Tele2 presently has a consensus rating of “Moderate Buy”.

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.