Tele2 (OTCMKTS:TLTZY) Issues Earnings Results

Tele2 (OTCMKTS:TLTZYGet Free Report) released its quarterly earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01), Zacks reports. 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 44.93% and a net margin of 34.19%.

Tele2 Price Performance

Shares of OTCMKTS:TLTZY opened at $8.26 on Friday. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 10.59 and a beta of 0.40. The business has a 50 day moving average price of $9.25 and a 200 day moving average price of $9.67. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. Tele2 has a twelve month low of $7.39 and a twelve month high of $11.61.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TLTZY shares. Citigroup cut Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Zacks Research downgraded shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st. Finally, Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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Tele2 Company Profile

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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.

Further Reading

Earnings History for Tele2 (OTCMKTS:TLTZY)

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