Tele2 (OTCMKTS:TLTZY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Tele2 (OTCMKTS:TLTZYGet Free Report) saw unusually-strong trading volume on Monday . Approximately 78,271 shares were traded during trading, an increase of 153% from the previous session’s volume of 30,888 shares.The stock last traded at $10.22 and had previously closed at $10.1690.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on TLTZY

Tele2 Stock Performance

The stock’s 50 day simple moving average is $10.52 and its two-hundred day simple moving average is $9.10. The company has a market capitalization of $13.78 billion, a P/E ratio of 12.88 and a beta of 0.44. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.57 and a quick ratio of 0.53.

Tele2 (OTCMKTS:TLTZYGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.40. Tele2 had a net margin of 34.19% and a return on equity of 49.95%. The business had revenue of $764.89 million during the quarter, compared to analyst estimates of $775.46 million. As a group, research analysts expect that Tele2 will post 0.44 earnings per share for the current year.

About Tele2

(Get Free Report)

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.

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