Tele2 (OTCMKTS:TLTZY) Short Interest Update

Tele2 (OTCMKTS:TLTZY) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 80,604 shares, a growth of 85.8% from the June 15th total of 43,392 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 345,302 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several brokerages have commented on TLTZY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Citigroup downgraded Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Zacks Research downgraded Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, Kepler Capital Markets raised Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Tele2 has a consensus rating of “Moderate Buy”.

Tele2 Trading Up 0.2%

Shares of Tele2 stock opened at $8.28 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 0.97. Tele2 has a 1 year low of $7.39 and a 1 year high of $11.61. The firm has a market cap of $11.35 billion, a PE ratio of 10.62 and a beta of 0.40. The company has a 50 day simple moving average of $9.21 and a two-hundred day simple moving average of $9.66.

Tele2 (OTCMKTS:TLTZY) last issued its quarterly earnings results on Thursday, July 16th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $766.77 million during the quarter, compared to the consensus estimate of $750.18 million. Tele2 had a return on equity of 42.92% and a net margin of 33.96%. Analysts expect that Tele2 will post 0.8 earnings per share for the current fiscal 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.