Tele2 AB (publ) (OTCMKTS:TLTZY) Rating Increased to Overweight at Barclays

Barclays upgraded shares of Tele2 AB (publ) (OTCMKTS:TLTZY) from an equal weight rating to an overweight rating in a report published on Monday morning, The Fly reports.

TLTZY has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Tele2 AB (publ) from a hold rating to a sell rating in a report on Thursday, September 9th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Tele2 AB (publ) in a report on Thursday, July 15th. UBS Group reaffirmed a buy rating on shares of Tele2 AB (publ) in a report on Tuesday, August 17th. Finally, Morgan Stanley reaffirmed an equal weight rating on shares of Tele2 AB (publ) in a report on Wednesday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from, the company has a consensus rating of Hold and an average target price of $7.75.

Shares of OTCMKTS:TLTZY opened at $7.64 on Monday. The firm has a fifty day moving average price of $7.41 and a two-hundred day moving average price of $6.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.54 and a quick ratio of 0.49. Tele2 AB has a one year low of $5.83 and a one year high of $7.78. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 11.94 and a beta of 0.50.

Tele2 AB (publ) (OTCMKTS:TLTZY) last announced its quarterly earnings results on Wednesday, July 14th. The company reported $0.10 EPS for the quarter. Tele2 AB (publ) had a net margin of 28.33% and a return on equity of 24.41%. The firm had revenue of $780.69 million during the quarter, compared to the consensus estimate of $787.20 million. Equities research analysts expect that Tele2 AB will post 0.35 EPS for the current fiscal year.

About Tele2 AB (publ)

Tele2 AB engages in the provision of mobile communication services. It operates through the following segments: Sweden Consumer, Sweden Business, Lithuania, Latvia, Estonia, Croatia, Germany, Internet of Things, and Other. It offers mobile telephony and handset related data services, mobile broadband, fixed broadband and telephony, fixed voice and broadband, and network connectivity.

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