Tele2 (OTCMKTS:TLTZY) Shares Down 8.9% – Here’s What Happened

Tele2 (OTCMKTS:TLTZY) shares were down 8.9% during trading on Friday . The company traded as low as $10.4162 and last traded at $10.4162. Approximately 328 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 11,387 shares. The stock had previously closed at $11.43.

Analyst Ratings Changes

Several equities research analysts have commented on TLTZY shares. New Street Research raised Tele2 to a “buy” rating in a report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Tele2 Stock Performance

The business’s 50 day simple moving average is $8.94 and its two-hundred day simple moving average is $8.48. The firm has a market capitalization of $14.34 billion, a PE ratio of 30.81 and a beta of 0.45. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90.

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

Tele2 Company Profile

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.