TELE2 AB/ADR (TLTZY) Lowered to Sell at Zacks Investment Research

TELE2 AB/ADR (OTCMKTS:TLTZY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday.

According to Zacks, “Tele2 AB provides telecommunication services to residential and business customers. The Company offers mobile services, fixed broadband and telephony, data network services and content services. It operates primarily in Sweden, the Netherlands, Kazakhstan, Croatia, Lithuania, Latvia, Estonia, Austria, Germany and internationally. Tele2 AB is based in Stockholm, Sweden. “

Separately, Berenberg Bank raised shares of TELE2 AB/ADR from a “hold” rating to a “buy” rating in a report on Monday, November 19th.

TELE2 AB/ADR stock traded up $0.22 during midday trading on Friday, hitting $6.27. The stock had a trading volume of 232 shares, compared to its average volume of 15. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 21.62 and a beta of 1.19. TELE2 AB/ADR has a 52-week low of $5.65 and a 52-week high of $6.53. The company has a current ratio of 1.63, a quick ratio of 1.56 and a debt-to-equity ratio of 0.66.

TELE2 AB/ADR (OTCMKTS:TLTZY) last released its earnings results on Thursday, October 18th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $730.42 million during the quarter, compared to analyst estimates of $720.28 million. TELE2 AB/ADR had a net margin of 2.93% and a return on equity of 16.51%. On average, analysts predict that TELE2 AB/ADR will post 0.35 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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