Tele2 (OTCMKTS:TLTZY) Hits New 1-Year High – What’s Next?

Tele2 (OTCMKTS:TLTZY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $11.61 and last traded at $11.30, with a volume of 12246 shares changing hands. The stock had previously closed at $10.8650.

Analyst Upgrades and Downgrades

TLTZY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a report on Tuesday, January 27th. New Street Research raised shares of Tele2 to a “buy” rating in a research note on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Tele2 Trading Up 4.0%

The firm has a market cap of $15.47 billion, a price-to-earnings ratio of 33.24 and a beta of 0.45. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.57 and a quick ratio of 0.53. The business has a 50-day moving average of $9.07 and a 200-day moving average of $8.52.

Tele2 (OTCMKTS:TLTZY) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $854.77 million for the quarter, compared to analyst estimates of $866.14 million. Tele2 had a net margin of 15.40% and a return on equity of 21.68%. Research analysts anticipate that Tele2 will post 0.28 EPS for the current year.

About Tele2

Tele2 AB is a European telecommunications company headquartered in Kista, Sweden. Since its founding in 1993, the firm has developed into a full-service provider of voice, data and multimedia solutions for both consumer and business markets. Its core offerings include mobile telephony, fixed and mobile broadband, voice over IP, digital television services and data network solutions, alongside emerging Internet of Things (IoT) and machine-to-machine connectivity products.

Tele2 operates primarily across the Nordic and Baltic regions, with key markets in Sweden, Estonia, Latvia and Lithuania.