Tele2 (OTCMKTS:TLTZY) Posts Earnings Results, Misses Estimates By $0.02 EPS

Tele2 (OTCMKTS:TLTZY) posted its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02), Zacks reports. Tele2 had a return on equity of 22.04% and a net margin of 15.40%.The firm had revenue of $854.77 million during the quarter, compared to the consensus estimate of $866.14 million.

Tele2 Trading Up 0.6%

Shares of TLTZY opened at $9.18 on Friday. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 27.01 and a beta of 0.44. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.68 and a quick ratio of 0.63. Tele2 has a 1-year low of $5.45 and a 1-year high of $9.34. The company has a 50-day moving average of $8.25 and a 200 day moving average of $8.23.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TLTZY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research note on Tuesday. New Street Research upgraded Tele2 to a “buy” rating in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Tele2 has a consensus 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.