Shares of Tele2 (OTCMKTS:TLTZY – Get Free Report) have received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company.
TLTZY has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th.
Check Out Our Latest Research Report on Tele2
Tele2 Price Performance
Tele2 (OTCMKTS:TLTZY – Get Free Report) 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). Tele2 had a return on equity of 43.42% and a net margin of 33.96%.The firm had revenue of $766.77 million for the quarter, compared to the consensus estimate of $750.18 million. As a group, sell-side analysts forecast that Tele2 will post 0.78 EPS for the current fiscal year.
About Tele2
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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