Tele2 (OTCMKTS:TLTZY) Given Average Rating of “Buy” by Analysts

Shares of Tele2 (OTCMKTS:TLTZY) have been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a research report on Tuesday, January 27th.

Tele2 Stock Up 1.3%

TLTZY opened at $10.64 on Friday. The company has a 50 day moving average of $10.55 and a 200 day moving average of $9.03. The company has a market cap of $14.58 billion, a PE ratio of 31.29 and a beta of 0.44. Tele2 has a 12 month low of $6.70 and a 12 month high of $11.61. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90.

Tele2 (OTCMKTS:TLTZY) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Tele2 had a net margin of 15.40% and a return on equity of 21.68%. The firm had revenue of $854.77 million during the quarter, compared to the consensus estimate of $866.14 million. On average, sell-side analysts expect that Tele2 will post 0.28 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.