Tele2 (OTCMKTS:TLTZY) Shares Gap Up – Still a Buy?

Posted by Latisha Jones on Jun 13th, 2026

Tele2 (OTCMKTS:TLTZY – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $9.26, but opened at $9.91. Tele2 shares last traded at $9.4995, with a volume of 9,270 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TLTZY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Zacks Research upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Tele2 presently has an average rating of “Buy”.

Get Our Latest Report on TLTZY

Tele2 Price Performance

The company has a market cap of $13.58 billion, a price-to-earnings ratio of 12.71 and a beta of 0.39. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. The company’s fifty day moving average price is $10.01 and its two-hundred day moving average price is $9.51.

Tele2 (OTCMKTS:TLTZY – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.40. The company had revenue of $764.89 million during the quarter, compared to analysts’ expectations of $775.46 million. Tele2 had a net margin of 34.19% and a return on equity of 44.93%. On average, equities research analysts forecast that Tele2 will post 0.83 EPS for the current fiscal 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.