Tele2 (OTCMKTS:TLTZY) Reaches New 1-Year High - Should You Buy?

Key Points

• Tele2's share price reached a new 52-week high of $8.59 during trading on Monday, up from a previous close of $8.34, demonstrating positive momentum in the stock.
• Several analytics firms have upgraded Tele2's stock rating to "strong-buy" or "buy", including Pareto Securities and UBS Group, indicating increased investor confidence.
• In its last quarterly earnings report, Tele2 reported an EPS of $0.09, exceeding estimates, with a revenue of $750.96 million, suggesting potential growth for the upcoming year.

Tele2 (OTCMKTS:TLTZY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.59 and last traded at $8.59, with a volume of 1460 shares. The stock had previously closed at $8.34.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TLTZY shares. Pareto Securities raised shares of Tele2 to a "strong-buy" rating in a research report on Friday, July 18th. Kepler Capital Markets upgraded shares of Tele2 from a "hold" rating to a "strong-buy" rating in a 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.

Tele2 Price Performance

The stock has a market cap of $11.76 billion, a P/E ratio of 29.62 and a beta of 0.50. 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's fifty day simple moving average is $7.59 and its 200-day simple moving average is $6.93.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. Tele2 had a net margin of 14.10% and a return on equity of 19.39%. The firm had revenue of $750.96 million during the quarter, compared to analysts' expectations of $7.34 billion. As a group, sell-side analysts forecast 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.

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