Tele2 (OTCMKTS:TLTZY) Shares Gap Down – Here’s Why

Tele2 (OTCMKTS:TLTZY) gapped down before the market opened on Friday . The stock had previously closed at $10.4876, but opened at $10.06. Tele2 shares last traded at $10.04, with a volume of 223 shares.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TLTZY shares. New Street Research raised Tele2 to a “buy” rating in a report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research note on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Tele2 Trading Down 6.4%

The firm has a 50 day moving average of $9.87 and a 200-day moving average of $8.78. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $13.66 billion, a P/E ratio of 29.31 and a beta of 0.44.

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