Tele2 (OTCMKTS:TLTZY) Sees Unusually-High Trading Volume – Here’s Why

Tele2 (OTCMKTS:TLTZY) shares saw unusually-high trading volume on Monday . 198,955 shares changed hands during mid-day trading, an increase of 285% from the previous session’s volume of 51,655 shares.The stock last traded at $9.45 and had previously closed at $9.16.

Wall Street Analyst Weigh In

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

Tele2 Stock Performance

The company’s 50-day moving average price is $9.80 and its two-hundred day moving average price is $9.59. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 11.45 and a beta of 0.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 0.97.

Tele2 (OTCMKTS:TLTZY) last released its earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.40. Tele2 had a net margin of 34.19% and a return on equity of 44.93%. The business had revenue of $764.89 million for the quarter, compared to analyst estimates of $775.46 million. On average, equities research analysts anticipate that Tele2 will post 0.83 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.