Tele2 (TLTZY) Projected to Post Earnings on Tuesday

Tele2 (OTCMKTS:TLTZY) is expected to be releasing its results before the market opens on Tuesday, October 20th. Analysts expect Tele2 to announce earnings of $0.11 per share and revenue of $742.18 million for the quarter.

Tele2 (OTCMKTS:TLTZY) last posted its earnings results on Thursday, July 16th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Tele2 had a return on equity of 43.42% and a net margin of 33.96%. The business had revenue of $766.77 million during the quarter, compared to the consensus estimate of $750.18 million. On average, analysts expect Tele2 to post $0.75 EPS for the current fiscal year and $0.44 EPS for the next fiscal year.

Tele2 Stock Performance

Shares of TLTZY opened at $8.01 on Friday. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 10.27 and a beta of 0.38. The company’s fifty day moving average is $8.47 and its 200-day moving average is $9.09. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.94. Tele2 has a 12 month low of $7.37 and a 12 month high of $11.61.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Sanford C. Bernstein lowered Tele2 to a “market perform” rating in a research note on Thursday, September 24th. Zacks Research downgraded shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, BNP Paribas Exane lowered shares of Tele2 from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 9th. 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

About Tele2

Tele2 AB is a Swedish telecommunications company that provides mobile and fixed communications services to consumers, businesses and public-sector customers. Its offerings include mobile voice and data services, broadband connectivity, fixed-line communications, digital television and related communications solutions.

The company also provides internet-of-things (IoT) connectivity and other business services designed to help organizations connect devices, manage communications and support digital operations.