Tele2 (OTCMKTS:TLTZY) Sees Large Volume Increase – Time to Buy?

Shares of Tele2 (OTCMKTS:TLTZY) saw unusually-strong trading volume on Tuesday . Approximately 122,256 shares changed hands during trading, an increase of 217% from the previous session’s volume of 38,588 shares.The stock last traded at $9.87 and had previously closed at $10.03.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TLTZY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st. Citigroup downgraded Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Tele2 Price Performance

The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The business’s fifty day moving average is $10.38 and its 200 day moving average is $9.21. The company has a market cap of $13.72 billion, a P/E ratio of 12.83 and a beta of 0.42.

Tele2 (OTCMKTS:TLTZY) last released its earnings results 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 business had revenue of $764.89 million during the quarter, compared to the consensus estimate of $775.46 million. Tele2 had a return on equity of 49.95% and a net margin of 34.19%. As a group, sell-side analysts anticipate that Tele2 will post 0.44 EPS for the current year.

Tele2 Company Profile

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.