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.
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.
Featured Story: How Important is Technical Analysis of Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TELE2 AB/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELE2 AB/ADR and related companies with MarketBeat.com's FREE daily email newsletter.