Tele2 (OTCMKTS:TLTZY) Sees Significant Decline in Short Interest

Key Points

• Short interest in Tele2 (OTCMKTS:TLTZY) has decreased by 76.5% in August, dropping to just 800 shares as of August 31st.
• The company's stock has a market cap of $12.14 billion, with a current ratio of 0.44 and a price-to-earnings ratio of 30.58.
• Analysts have shown a positive outlook for Tele2, with upgrades to a strong-buy rating from multiple research firms and a consensus rating of strong buy.

Tele2 (OTCMKTS:TLTZY - Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 800 shares, a decline of 76.5% from the August 15th total of 3,400 shares. Based on an average daily trading volume, of 32,300 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company's shares are short sold. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 32,300 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group upgraded shares of Tele2 from a "sell" rating to a "buy" rating in a report on Monday, August 4th. Pareto Securities raised shares of Tele2 to a "strong-buy" rating in a research report on Friday, July 18th. Finally, Kepler Capital Markets upgraded shares of Tele2 from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Tele2 Stock Performance

TLTZY traded down $0.05 during trading on Wednesday, hitting $8.45. The stock had a trading volume of 500 shares, compared to its average volume of 11,352. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 1.09. The firm has a market cap of $11.56 billion, a PE ratio of 29.12 and a beta of 0.53. The company has a 50 day simple moving average of $8.21 and a 200-day simple moving average of $7.39. Tele2 has a 12 month low of $4.62 and a 12 month high of $9.13.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $750.96 million for the quarter, compared to analyst estimates of $7.34 billion. Tele2 had a net margin of 14.10% and a return on equity of 19.39%. Analysts expect that Tele2 will post 0.28 EPS for the current year.

Tele2 Company Profile

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.