Short Interest in Tele2 (OTCMKTS:TLTZY) Declines By 65.8%

Tele2 (OTCMKTS:TLTZY) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 22,012 shares, a decline of 65.8% from the April 15th total of 64,351 shares. Based on an average trading volume of 159,335 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Tele2 Trading Up 0.0%

Shares of OTCMKTS TLTZY traded up $0.00 during trading hours on Thursday, reaching $9.93. The stock had a trading volume of 11,135 shares, compared to its average volume of 40,285. 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 firm has a market cap of $13.60 billion, a price-to-earnings ratio of 12.72 and a beta of 0.42. The business’s fifty day moving average price is $10.36 and its two-hundred day moving average price is $9.24. Tele2 has a 52-week low of $6.88 and a 52-week high of $11.61.

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

Wall Street Analysts Forecast Growth

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

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.