Tele2 (OTCMKTS:TLTZY) Releases Earnings Results, Beats Estimates By $0.01 EPS

Tele2 (OTCMKTS:TLTZY - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01, Zacks reports. Tele2 had a net margin of 14.10% and a return on equity of 19.29%. The business had revenue of $750.96 million during the quarter, compared to analyst estimates of $7.34 billion.

Tele2 Stock Up 2.3%

TLTZY stock traded up $0.17 during midday trading on Friday, reaching $7.62. 41,624 shares of the company were exchanged, compared to its average volume of 5,500. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.48 and a current ratio of 0.54. Tele2 has a 1-year low of $4.62 and a 1-year high of $8.00. The stock's 50-day simple moving average is $7.33 and its 200 day simple moving average is $6.48. The company has a market cap of $10.43 billion, a price-to-earnings ratio of 26.28 and a beta of 0.51.

Tele2 Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Friday, May 16th were issued a dividend of $0.0972 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a yield of 2.77%. Tele2's payout ratio is currently 79.31%.

About Tele2

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.