TELE2 AB/ADR (OTCMKTS:TLTZY) Upgraded at Zacks Investment Research

TELE2 AB/ADR (OTCMKTS:TLTZY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Zacks.com reports. The firm currently has a $8.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.42% from the company’s previous close.

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, HSBC upgraded shares of TELE2 AB/ADR from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th.

TLTZY stock remained flat at $$7.18 during midday trading on Friday. 1 shares of the company’s stock were exchanged, compared to its average volume of 5. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 31.22 and a beta of 0.50. The firm’s 50 day moving average price is $6.74. The company has a quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 0.79. TELE2 AB/ADR has a fifty-two week low of $5.73 and a fifty-two week high of $6.84.

TELE2 AB/ADR (OTCMKTS:TLTZY) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.08 EPS for the quarter. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $813.23 million. TELE2 AB/ADR had a net margin of 6.95% and a return on equity of 6.10%. Equities analysts predict that TELE2 AB/ADR will post 0.28 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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