Tele2 (OTCMKTS:TLTZY) Shares Gap Down – Time to Sell?

Tele2 (OTCMKTS:TLTZY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $11.30, but opened at $10.46. Tele2 shares last traded at $10.46, with a volume of 2,237 shares changing hands.

Analyst Ratings Changes

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

Tele2 Stock Performance

The stock’s 50-day moving average is $9.12 and its 200-day moving average is $8.54. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The stock has a market cap of $14.41 billion, a price-to-earnings ratio of 30.97 and a beta of 0.45.

Tele2 (OTCMKTS:TLTZY) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Tele2 had a net margin of 15.40% and a return on equity of 21.68%. The business had revenue of $854.77 million for the quarter, compared to analyst estimates of $866.14 million. On average, analysts expect 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.