Tele2 (OTCMKTS:TLTZY) Given Consensus Rating of “Buy” by Brokerages

Tele2 (OTCMKTS:TLTZYGet Free Report) has earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have given a strong buy recommendation to the company.

TLTZY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Citigroup downgraded shares of Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th.

Read Our Latest Research Report on TLTZY

Tele2 Stock Performance

Shares of TLTZY opened at $8.98 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.03. Tele2 has a twelve month low of $6.88 and a twelve month high of $11.61. The firm’s 50 day moving average price is $9.73 and its two-hundred day moving average price is $9.61. The firm has a market cap of $12.31 billion, a P/E ratio of 11.51 and a beta of 0.39.

Tele2 (OTCMKTS:TLTZYGet Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.40. Tele2 had a net margin of 34.19% and a return on equity of 44.93%. The company had revenue of $764.89 million for the quarter, compared to the consensus estimate of $775.46 million. On average, analysts forecast that Tele2 will post 0.83 EPS for the current fiscal year.

Tele2 Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Tele2 (OTCMKTS:TLTZY)

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