Tele2 (OTCMKTS:TLTZY) Given Consensus Rating of "Buy" by Analysts

Tele2 (OTCMKTS:TLTZY - Get Free Report) has received a consensus recommendation of "Buy" from the six brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Tele2 in a research note on Tuesday, April 21st.

Tele2 Trading Up 2.2%

TLTZY stock opened at $10.25 on Thursday. The firm has a market cap of $14.05 billion, a P/E ratio of 13.14 and a beta of 0.42. Tele2 has a 52-week low of $6.88 and a 52-week high of $11.61. The company's 50-day simple moving average is $10.42 and its 200-day simple moving average is $9.18. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 0.90.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.40. The firm had revenue of $764.89 million for the quarter, compared to analyst estimates of $775.46 million. Tele2 had a net margin of 34.19% and a return on equity of 49.95%. As a group, equities analysts forecast that Tele2 will post 0.44 EPS for the current fiscal 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.

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