Tele2 (OTCMKTS:TLTZY) Short Interest Down 70.1% in July

Tele2 (OTCMKTS:TLTZY) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 24,110 shares, a decline of 70.1% from the June 30th total of 80,604 shares. Based on an average trading volume of 300,529 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

TLTZY has been the topic of a number of recent analyst reports. Citigroup lowered Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Kepler Capital Markets upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Zacks Research cut shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Tele2 has a consensus rating of “Moderate Buy”.

Tele2 Stock Up 1.8%

Shares of OTCMKTS TLTZY opened at $8.42 on Tuesday. The stock’s fifty day simple moving average is $9.00 and its two-hundred day simple moving average is $9.65. Tele2 has a 12-month low of $7.39 and a 12-month high of $11.61. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $11.54 billion, a PE ratio of 10.79 and a beta of 0.40.

Tele2 (OTCMKTS:TLTZY) last issued its quarterly earnings data on Thursday, July 16th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $766.77 million for the quarter, compared to analysts’ expectations of $750.18 million. Tele2 had a net margin of 33.96% and a return on equity of 42.92%. As a group, analysts expect that Tele2 will post 0.78 EPS for the current fiscal 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.