TELE2 AB/ADR (OTCMKTS:TLTZY) Cut to “Neutral” at Citigroup

Citigroup downgraded shares of TELE2 AB/ADR (OTCMKTS:TLTZY) from a buy rating to a neutral rating in a research report released on Monday, The Fly reports.

TLTZY has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of Yatra Online from a hold rating to a sell rating in a report on Saturday, July 6th. HSBC started coverage on shares of StoneCo in a report on Tuesday, May 7th. They set a reduce rating and a $20.00 price target on the stock.

OTCMKTS:TLTZY remained flat at $$7.18 on Monday. 50 shares of the company’s stock were exchanged, compared to its average volume of 5. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 31.22 and a beta of 0.50. 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 1-year low of $5.73 and a 1-year high of $6.84. The firm’s 50 day moving average is $6.79.

TELE2 AB/ADR (OTCMKTS:TLTZY) last released its quarterly earnings data on Monday, April 29th. The company reported $0.08 earnings per share 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%. As a group, sell-side analysts predict that TELE2 AB/ADR will post 0.28 EPS for the current fiscal year.


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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