Tele2 (OTCMKTS:TLTZY) Sees Large Volume Increase – Still a Buy?

Tele2 (OTCMKTS:TLTZY) saw unusually-high trading volume on Thursday . Approximately 64,708 shares were traded during mid-day trading, an increase of 453% from the previous session’s volume of 11,702 shares.The stock last traded at $7.5650 and had previously closed at $7.39.

Wall Street Analyst Weigh In

TLTZY has been the topic of several analyst reports. UBS Group raised Tele2 from a “sell” rating to a “buy” rating in a research report on Monday, August 4th. BNP Paribas upgraded shares of Tele2 from a “hold” rating to an “outperform” rating in a research note on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, Tele2 presently has a consensus rating of “Strong Buy”.

Tele2 Stock Performance

The firm’s 50-day moving average price is $8.20 and its 200-day moving average price is $7.91. The stock has a market cap of $10.35 billion, a P/E ratio of 24.40 and a beta of 0.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.44 and a quick ratio of 0.39.

Tele2 (OTCMKTS:TLTZY) last issued its earnings results on Tuesday, October 21st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $782.33 million during the quarter, compared to the consensus estimate of $789.39 million. Tele2 had a return on equity of 20.61% and a net margin of 14.75%. Sell-side analysts expect that Tele2 will post 0.28 earnings per share for the current fiscal year.

Tele2 Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 30th. Stockholders of record on Monday, October 13th were issued a $0.1013 dividend. This is a boost from Tele2’s previous dividend of $0.10. The ex-dividend date was Friday, October 10th. This represents a dividend yield of 238.0%. Tele2’s payout ratio is presently 51.61%.

About Tele2

Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services.