Tele2 (TLTZY) Set to Announce Earnings on Tuesday

Key Points

• Tele2 is expected to report earnings before Tuesday’s market open, with analysts forecasting $0.11 in EPS and $744.29 million in revenue.
• In the previous quarter, Tele2 reported $0.09 EPS, missing estimates, while revenue of $766.77 million exceeded expectations. Analysts project $0.78 EPS for the current fiscal year.
• Shares opened at $7.70, near their one-year low, and analyst sentiment is mixed but averages a “Hold” rating across seven analysts.

Tele2 (OTCMKTS:TLTZY - Get Free Report) is anticipated to release its results before the market opens on Tuesday, October 20th. Analysts expect the company to post earnings of $0.11 per share and revenue of $744.29 million for the quarter.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last posted its earnings results on Thursday, July 16th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm 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%. On average, analysts expect Tele2 to post $0.78 EPS for the current fiscal year and $0.46 EPS for the next fiscal year.

Tele2 Stock Performance

Shares of TLTZY stock opened at $7.70 on Tuesday. The firm has a 50-day moving average of $8.53 and a 200-day moving average of $9.15. The company has a market cap of $10.60 billion, a P/E ratio of 9.87 and a beta of 0.38. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.70 and a quick ratio of 0.64. Tele2 has a one year low of $7.37 and a one year high of $11.61.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TLTZY. BNP Paribas Exane downgraded shares of Tele2 from an "outperform" rating to a "neutral" rating in a research report on Wednesday, September 9th. Sanford C. Bernstein lowered shares of Tele2 to a "market perform" rating in a research note on Thursday, September 24th. Zacks Research cut shares of Tele2 from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 9th. Finally, Kepler Capital Markets upgraded Tele2 from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Tele2 Company Profile

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.

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