Tele2 (TLTZY) – What Are Brokerages Saying About This Stock?

Tele2 (OTCMKTS:TLTZY) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

Several analysts have weighed in on the stock. Kepler Capital Markets upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. BNP Paribas Exane downgraded shares of Tele2 from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 9th. Sanford C. Bernstein lowered shares of Tele2 to a “market perform” rating in a report on Thursday, September 24th. Finally, Zacks Research downgraded shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th.

Tele2 Stock Performance

TLTZY stock opened at $8.01 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.94. The firm has a market cap of $11.02 billion, a P/E ratio of 10.27 and a beta of 0.38. Tele2 has a 12-month low of $7.37 and a 12-month high of $11.61. The stock’s 50 day simple moving average is $8.37 and its 200 day simple moving average is $9.26.

Tele2 (OTCMKTS:TLTZY) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $788.19 million for the quarter, compared to the consensus estimate of $716.73 million. Tele2 had a return on equity of 42.14% and a net margin of 34.23%. As a group, equities research analysts predict that Tele2 will post 0.75 EPS for the current year.

About Tele2

Tele2 AB is a Swedish telecommunications company headquartered in Stockholm. The company provides mobile and fixed-line communications services, broadband, digital television and related connectivity solutions to consumers, businesses and public-sector customers.

Tele2’s offerings include mobile voice and data plans, high-speed broadband, fixed and mobile networks, television services, and business communications solutions. It also provides Internet of Things connectivity and related services for organizations seeking to connect and manage devices and equipment.

Tele2 primarily serves customers in Sweden and the Baltic countries of Estonia, Latvia and Lithuania.