Tele2 (OTCMKTS:TLTZY) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Tele2 (OTCMKTS:TLTZY) posted its earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), Zacks reports. Tele2 had a net margin of 33.96% and a return on equity of 43.42%. The firm had revenue of $788.19 million during the quarter, compared to the consensus estimate of $716.73 million.

Tele2 Stock Up 3.2%

OTCMKTS:TLTZY opened at $8.07 on Wednesday. The stock’s fifty day moving average price is $8.45 and its two-hundred day moving average price is $9.05. Tele2 has a 52-week low of $7.37 and a 52-week high of $11.61. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.64 and a current ratio of 0.70. The company has a market cap of $11.10 billion, a price-to-earnings ratio of 10.35 and a beta of 0.38.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TLTZY shares. BNP Paribas Exane lowered Tele2 from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 9th. Zacks Research lowered shares of Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Sanford C. Bernstein cut shares of Tele2 to a “market perform” rating in a research report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.