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

Tele2 (OTCMKTS:TLTZY) gapped up before the market opened on Monday . The stock had previously closed at $10.3575, but opened at $10.7850. Tele2 shares last traded at $10.7850, with a volume of 2,041 shares traded.

Wall Street Analysts Forecast Growth

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

Tele2 Trading Down 0.7%

The business has a fifty day moving average price of $10.35 and a 200 day moving average price of $8.93. The company has a market capitalization of $14.32 billion, a PE ratio of 30.74 and a beta of 0.44. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 0.57.

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