Tele2 (OTCMKTS:TLTZY) Stock Rated “Hold” by Wall Street Analysts

Shares of Tele2 (OTCMKTS:TLTZY) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several research analysts recently commented on the company. Sanford C. Bernstein lowered Tele2 to a “market perform” rating in a research report on Thursday, September 24th. Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. BNP Paribas Exane lowered Tele2 from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 9th. Finally, Zacks Research cut Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th.

Tele2 Price Performance

Tele2 stock opened at $7.89 on Friday. Tele2 has a 52-week low of $7.39 and a 52-week high of $11.61. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.94. The firm’s fifty day moving average is $8.57 and its 200 day moving average is $9.19. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 10.12 and a beta of 0.38.

Tele2 (OTCMKTS:TLTZY) last posted its earnings results on Thursday, July 16th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $766.77 million during the quarter, compared to the consensus estimate of $750.18 million. Tele2 had a return on equity of 43.42% and a net margin of 33.96%. Sell-side analysts forecast that Tele2 will post 0.78 EPS for the current fiscal year.

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.