Latest news with #Tele2
Yahoo
2 days ago
- Business
- Yahoo
Is Fortis (FTS) Stock Outpacing Its Utilities Peers This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Has Fortis (FTS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Fortis is a member of the Utilities sector. This group includes 106 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Fortis is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past 90 days, the Zacks Consensus Estimate for FTS' full-year earnings has moved 4.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. Based on the latest available data, FTS has gained about 14.1% so far this year. Meanwhile, the Utilities sector has returned an average of 7.2% on a year-to-date basis. As we can see, Fortis is performing better than its sector in the calendar year. Tele2 (TLTZY) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 49.4%. For Tele2, the consensus EPS estimate for the current year has increased 21.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Fortis belongs to the Utility - Electric Power industry, a group that includes 60 individual companies and currently sits at #64 in the Zacks Industry Rank. On average, this group has gained an average of 7.1% so far this year, meaning that FTS is performing better in terms of year-to-date returns. Tele2, however, belongs to the Wireline Non-US industry. Currently, this 3-stock industry is ranked #93. The industry has moved -23.8% so far this year. Fortis and Tele2 could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fortis (FTS) : Free Stock Analysis Report Tele2 (TLTZY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Are Utilities Stocks Lagging Centrica (CPYYY) This Year?
The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Centrica PLC (CPYYY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question. Centrica PLC is a member of our Utilities group, which includes 106 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Centrica PLC is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for CPYYY's full-year earnings has moved 2.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. According to our latest data, CPYYY has moved about 25% on a year-to-date basis. In comparison, Utilities companies have returned an average of 9.3%. This means that Centrica PLC is performing better than its sector in terms of year-to-date returns. Another stock in the Utilities sector, Tele2 (TLTZY), has outperformed the sector so far this year. The stock's year-to-date return is 46.5%. For Tele2, the consensus EPS estimate for the current year has increased 21.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Centrica PLC belongs to the Utility - Gas Distribution industry, a group that includes 14 individual companies and currently sits at #32 in the Zacks Industry Rank. Stocks in this group have gained about 0.2% so far this year, so CPYYY is performing better this group in terms of year-to-date returns. Tele2, however, belongs to the Wireline Non-US industry. Currently, this 3-stock industry is ranked #2. The industry has moved -11.2% so far this year. Investors interested in the Utilities sector may want to keep a close eye on Centrica PLC and Tele2 as they attempt to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Centrica PLC (CPYYY) : Free Stock Analysis Report Tele2 (TLTZY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
05-05-2025
- Politics
- Yahoo
Mobile network and internet disruptions reported in Moscow amid Victory Day parade preparations
A significant rise in complaints about mobile network and internet outages has been observed in Moscow and the oblast. Source: Downdetector Details: Downdetector's data indicates that users most frequently report issues with the networks of Tele2, Beeline, MTS, Megafon and Yota. The Beeline provider advised Moscow residents to temporarily switch to Wi-Fi. Kremlin-aligned news agency TASS reported that internet access restrictions may be linked to heightened security measures ahead of the upcoming Victory Day, a Russian holiday commemorating the Soviet victory over Nazi Germany in 1945, celebrated on 9 May. Meanwhile, Moscow residents noted that the signal began to disappear precisely during the rehearsal of the air segment of the 9 May parade. Support Ukrainska Pravda on Patreon!
Yahoo
21-04-2025
- Business
- Yahoo
What Makes Tele2 (TLTZY) a New Buy Stock
Tele2 (TLTZY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. As such, the Zacks rating upgrade for Tele2 is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock. For Tele2, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher. As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>. For the fiscal year ending December 2025, this company is expected to earn $0.31 per share, which is a change of 19.2% from the year-ago reported number. Analysts have been steadily raising their estimates for Tele2. Over the past three months, the Zacks Consensus Estimate for the company has increased 10.7%. Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term. You can learn more about the Zacks Rank here >>> The upgrade of Tele2 to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tele2 (TLTZY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Bloomberg
21-03-2025
- Business
- Bloomberg
Tele2 Said to Weigh €500 Million Sale of Baltic Mobile Towers
Swedish telecom operator Tele2 AB is weighing a sale of its wireless towers in the Baltics, which could fetch about €500 million ($542 million), according to people with knowledge of the matter. Tele2 is working with Perella Weinberg Partners on the potential divestment of its telecom towers portfolio in Estonia, Latvia and Lithuania, said the people, who asked not to be identified as the information is private. A sale process has kicked off recently and private equity firms could be potentially interested, the people said.
