Tele2 (OTCMKTS:TLTZY) Releases Earnings Results, Beats Expectations By $0.40 EPS

Tele2 (OTCMKTS:TLTZY) released its earnings results on Wednesday. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.40, Zacks reports. Tele2 had a net margin of 34.19% and a return on equity of 49.95%. The business had revenue of $764.89 million during the quarter, compared to analysts’ expectations of $775.46 million.

Tele2 Stock Down 1.4%

Shares of OTCMKTS TLTZY opened at $10.14 on Friday. Tele2 has a 12-month low of $6.88 and a 12-month high of $11.61. The stock has a market cap of $13.90 billion, a PE ratio of 13.00 and a beta of 0.44. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average of $10.53 and a 200 day moving average of $9.09.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “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.