Tele2 (OTCMKTS:TLTZY - Get Free Report) announced its earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01, Zacks reports. The company had revenue of $750.96 million during the quarter, compared to analyst estimates of $7.34 billion. Tele2 had a net margin of 13.20% and a return on equity of 18.01%.
Tele2 Stock Performance
OTCMKTS:TLTZY traded up $0.17 during midday trading on Friday, reaching $7.62. The stock had a trading volume of 41,624 shares, compared to its average volume of 8,205. The firm has a fifty day simple moving average of $7.32 and a two-hundred day simple moving average of $6.45. Tele2 has a 12-month low of $4.62 and a 12-month high of $8.00. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 0.86. The stock has a market cap of $10.43 billion, a P/E ratio of 29.32 and a beta of 0.51.
Tele2 Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, June 4th. Stockholders of record on Friday, May 16th were given a dividend of $0.0972 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a dividend yield of 2.77%. Tele2's dividend payout ratio (DPR) is presently 88.46%.
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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