Tele2 (OTCMKTS:TLTZY) Shares Gap Up – Should You Buy?

Tele2 (OTCMKTS:TLTZY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $8.67, but opened at $9.24. Tele2 shares last traded at $8.77, with a volume of 4,154 shares changing hands.

Analyst Upgrades and Downgrades

TLTZY has been the subject of several research analyst reports. Zacks Research downgraded Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday. Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Finally, Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tele2 currently has an average rating of “Moderate Buy”.

Tele2 Trading Up 1.3%

The firm has a market capitalization of $12.04 billion, a P/E ratio of 11.26 and a beta of 0.40. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The stock has a 50 day simple moving average of $9.37 and a 200-day simple moving average of $9.66.

Tele2 (OTCMKTS:TLTZY) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.40. The company had revenue of $764.89 million for the quarter, compared to the consensus estimate 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 0.8 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.