Tele2 (OTCMKTS:TLTZY) Upgraded at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Tele2 (OTCMKTS:TLTZYFree Report) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Zacks Research upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on TLTZY

Tele2 Trading Up 1.8%

Shares of Tele2 stock traded up $0.15 during trading on Wednesday, hitting $8.67. 159,592 shares of the company were exchanged, compared to its average volume of 153,755. The firm has a market capitalization of $11.88 billion, a P/E ratio of 11.12 and a beta of 0.40. Tele2 has a 1-year low of $6.88 and a 1-year high of $11.61. The firm’s fifty day moving average price is $9.37 and its 200 day moving average price is $9.65. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 0.97.

Tele2 (OTCMKTS:TLTZYGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.40. The company had revenue of $764.89 million during the quarter, compared to analysts’ expectations of $775.46 million. Tele2 had a return on equity of 44.93% and a net margin of 34.19%. As a group, sell-side analysts expect that Tele2 will post 0.83 earnings per share for the current fiscal year.

About Tele2

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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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