Jefferies Financial Group Analysts Reduce Earnings Estimates for TELE2 AB/ADR (TLTZY)

TELE2 AB/ADR (OTCMKTS:TLTZY) – Jefferies Financial Group reduced their FY2019 earnings per share (EPS) estimates for TELE2 AB/ADR in a note issued to investors on Tuesday, October 16th, according to Zacks Investment Research. Jefferies Financial Group analyst U. Rathe now expects that the company will post earnings of $0.37 per share for the year, down from their prior forecast of $0.38. Jefferies Financial Group also issued estimates for TELE2 AB/ADR’s FY2020 earnings at $0.38 EPS.

Separately, Zacks Investment Research downgraded TELE2 AB/ADR from a “hold” rating to a “sell” rating in a research note on Friday, August 31st.

OTCMKTS TLTZY traded up $0.30 during trading on Thursday, hitting $6.05. 400 shares of the company’s stock were exchanged, compared to its average volume of 40. The company has a current ratio of 1.63, a quick ratio of 1.56 and a debt-to-equity ratio of 0.66. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 20.86 and a beta of 1.18. TELE2 AB/ADR has a fifty-two week low of $5.65 and a fifty-two week high of $6.53.

TELE2 AB/ADR (OTCMKTS:TLTZY) last issued its earnings results on Thursday, October 18th. The company reported $0.08 EPS for the quarter. The firm had revenue of $730.42 million during the quarter, compared to the consensus estimate of $720.28 million. TELE2 AB/ADR had a return on equity of 16.51% and a net margin of 2.93%.

TELE2 AB/ADR Company Profile

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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