Tele2 (OTCMKTS:TLTZY) Sees Large Volume Increase – What’s Next?

Tele2 (OTCMKTS:TLTZY) shares saw an uptick in trading volume on Friday . Approximately 90,682 shares changed hands during trading, an increase of 19% from the previous session’s volume of 75,961 shares.The stock last traded at $8.53 and had previously closed at $8.65.

Analyst Ratings Changes

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

Tele2 Stock Down 1.1%

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.97 and a current ratio of 0.70. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 11.04 and a beta of 0.40. The firm’s 50-day simple moving average is $8.92 and its two-hundred day simple moving average is $9.66.

Tele2 (OTCMKTS:TLTZY) last announced its earnings results on Thursday, July 16th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Tele2 had a return on equity of 43.42% and a net margin of 33.96%.The company had revenue of $766.77 million for the quarter, compared to analyst estimates of $750.18 million. On average, sell-side analysts expect that Tele2 will post 0.78 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.