Shares of TELE2 AB/ADR (OTCMKTS:TLTZY) have been given a consensus recommendation of “Buy” by the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company.
TLTZY has been the topic of several recent analyst reports. DNB Markets raised TELE2 AB/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of TELE2 AB/ADR in a research note on Thursday, August 20th. Berenberg Bank raised TELE2 AB/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, June 11th. Zacks Investment Research downgraded TELE2 AB/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of TELE2 AB/ADR in a research note on Wednesday, May 13th.
Shares of OTCMKTS TLTZY traded up $0.05 during trading on Tuesday, hitting $7.18. The company had a trading volume of 675,023 shares, compared to its average volume of 10,409. The stock has a 50 day simple moving average of $7.11 and a 200 day simple moving average of $6.76. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.58 and a current ratio of 0.64. TELE2 AB/ADR has a 12 month low of $5.01 and a 12 month high of $8.01. The firm has a market capitalization of $9.88 billion, a P/E ratio of 24.76 and a beta of 0.47.
TELE2 AB/ADR (OTCMKTS:TLTZY) last posted its quarterly earnings data on Wednesday, July 15th. The company reported $0.06 EPS for the quarter. TELE2 AB/ADR had a return on equity of 10.90% and a net margin of 4.64%. The firm had revenue of $687.03 million for the quarter. As a group, analysts predict that TELE2 AB/ADR will post 0.33 EPS for the current year.
About TELE2 AB/ADR
Tele2 AB (publ), a telecom operator, provides telecommunication services for residential and business customers. The company offers mobile voice telephony, handset data, messaging, and value-added services, such as handset insurance, antivirus, and content services; mobile broadband services; and fixed voice and broadband, TV, and fixed and mobile telephony services.
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