Tele2 (OTCMKTS:TLTZY) Short Interest Update

Tele2 (OTCMKTS:TLTZY) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 74,326 shares, an increase of 237.7% from the April 30th total of 22,012 shares. Based on an average daily trading volume, of 149,546 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Tele2 Price Performance

Shares of OTCMKTS TLTZY opened at $9.39 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 0.53. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 12.04 and a beta of 0.42. The firm’s 50 day simple moving average is $10.19 and its 200-day simple moving average is $9.39. Tele2 has a 12 month low of $6.88 and a 12 month 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, topping analysts’ consensus estimates of $0.10 by $0.40. The firm 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%. Analysts expect that Tele2 will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Zacks Research upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st. Finally, Citigroup downgraded shares of Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

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.