Tele2 (OTCMKTS:TLTZY) Receives Consensus Rating of “Buy” from Brokerages

Tele2 (OTCMKTS:TLTZY) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company.

A number of brokerages have recently commented on TLTZY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a research report on Tuesday, January 27th. New Street Research raised Tele2 to a “buy” rating in a research note on Wednesday, December 17th.

Tele2 Stock Performance

Shares of TLTZY opened at $10.55 on Wednesday. Tele2 has a 1 year low of $6.13 and a 1 year high of $11.61. The company’s 50 day simple moving average is $9.78 and its 200 day simple moving average is $8.75. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 31.03 and a beta of 0.44. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 0.57.

Tele2 (OTCMKTS:TLTZY) last released its 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 return on equity of 21.68% and a net margin of 15.40%.The firm had revenue of $854.77 million during the quarter, compared to analysts’ expectations of $866.14 million. On average, sell-side analysts predict 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.