Tele2 AB (publ) (OTCMKTS:TLTZY) Sets New 12-Month High at $5.20

Tele2 AB (publ) (OTCMKTS:TLTZY - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $5.20 and last traded at $5.20, with a volume of 2719 shares traded. The stock had previously closed at $4.76.

Tele2 AB (publ) Trading Up 9.2 %

The business has a fifty day moving average price of $4.31 and a 200 day moving average price of $4.11. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 19.04 and a beta of 0.55. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.69 and a quick ratio of 0.62.

Tele2 AB (publ) (OTCMKTS:TLTZY - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $688.12 million for the quarter. Tele2 AB (publ) had a net margin of 12.70% and a return on equity of 17.24%. On average, equities analysts expect that Tele2 AB will post 0.26 EPS for the current fiscal year.

Tele2 AB (publ) Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 6th. Stockholders of record on Friday, May 17th will be issued a $0.1568 dividend. The ex-dividend date is Thursday, May 16th. This is a boost from Tele2 AB (publ)'s previous dividend of $0.15. Tele2 AB (publ)'s dividend payout ratio is presently 88.00%.

About Tele2 AB (publ)

Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.