Tele2 (OTCMKTS:TLTZY - Get Free Report) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 3,400 shares, an increase of 88.9% from the July 31st total of 1,800 shares. Based on an average trading volume of 64,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 64,800 shares, the days-to-cover ratio is currently 0.1 days.
Tele2 Price Performance
OTCMKTS TLTZY traded down $0.01 during trading on Wednesday, hitting $8.86. 1,052 shares of the company's stock were exchanged, compared to its average volume of 11,598. 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 company has a market cap of $12.12 billion, a PE ratio of 30.54 and a beta of 0.52. Tele2 has a fifty-two week low of $4.62 and a fifty-two week high of $9.13. The stock's 50 day moving average price is $8.07 and its two-hundred day moving average price is $7.28.
Tele2 (OTCMKTS:TLTZY - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $750.96 million during the quarter, compared to the consensus estimate of $7.34 billion. Tele2 had a return on equity of 19.39% and a net margin of 14.10%. Research analysts expect that Tele2 will post 0.28 EPS for the current year.
Wall Street Analyst Weigh In
TLTZY has been the subject of several recent analyst reports. Pareto Securities raised shares of Tele2 to a "strong-buy" rating in a research report on Friday, July 18th. Kepler Capital Markets raised shares of Tele2 from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Finally, UBS Group raised shares of Tele2 from a "sell" rating to a "buy" rating in a research report on Monday, August 4th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Strong Buy".
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Tele2 Company Profile
(
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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.
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