Tele2 (OTCMKTS:TLTZY) Shares Up 3.5% – Here’s What Happened
by Amy Steele · The Cerbat GemTele2 (OTCMKTS:TLTZY – Get Free Report) shares rose 3.5% during mid-day trading on Wednesday. The company traded as high as $8.59 and last traded at $8.2150. 4,823 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 81,223 shares. The stock had previously closed at $7.94.
Analyst Ratings Changes
A number of analysts have weighed in on the company. BNP Paribas Exane cut Tele2 from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 9th. Sanford C. Bernstein cut Tele2 to a “market perform” rating in a report on Thursday, September 24th. Zacks Research downgraded shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Kepler Capital Markets upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Tele2
Tele2 Trading Down 1.5%
The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.64 and a current ratio of 0.70. The stock has a market cap of $10.60 billion, a P/E ratio of 9.87 and a beta of 0.38. The company has a 50-day simple moving average of $8.60 and a 200-day simple moving average of $9.23.
Tele2 (OTCMKTS:TLTZY – Get Free Report) last announced its earnings results on Thursday, July 16th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Tele2 had a net margin of 33.96% and a return on equity of 43.42%. The business had revenue of $766.77 million during the quarter, compared to analyst estimates of $750.18 million. On average, sell-side analysts forecast that Tele2 will post 0.78 EPS for the current fiscal year.
Tele2 Company Profile
Tele2 AB is a Swedish telecommunications company that provides mobile and fixed communications services to consumers, businesses and public-sector customers. Its offerings include mobile voice and data services, broadband connectivity, fixed-line communications, digital television and related communications solutions.
The company also provides internet-of-things (IoT) connectivity and other business services designed to help organizations connect devices, manage communications and support digital operations.