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

Tele2 (OTCMKTS:TLTZYGet Free Report) announced its quarterly earnings data on Thursday. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01), Zacks reports. Tele2 had a return on equity of 42.92% and a net margin of 33.96%.The company had revenue of $766.77 million for the quarter, compared to analysts’ expectations of $750.18 million.

Tele2 Price Performance

Tele2 stock opened at $8.28 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The company has a fifty day simple moving average of $9.21 and a 200-day simple moving average of $9.66. The stock has a market cap of $11.35 billion, a P/E ratio of 10.62 and a beta of 0.40. Tele2 has a 12-month low of $7.39 and a 12-month high of $11.61.

Wall Street Analyst Weigh In

TLTZY has been the topic of a number of recent analyst reports. Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Zacks Research downgraded shares of Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st. Finally, Citigroup cut Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Tele2 has an average rating of “Moderate Buy”.

Read Our Latest Stock Analysis on TLTZY

About Tele2

(Get Free Report)

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.

Further Reading

Earnings History for Tele2 (OTCMKTS:TLTZY)

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