Tele2 (OTCMKTS:TLTZY) Hits New 12-Month High - Still a Buy?

Key Points

• Tele2's stock (OTCMKTS:TLTZY) reached a new **52-week high** of **$8.07** during trading, reflecting increasing investor interest.
• Research firms Kepler Capital Markets and Pareto Securities both upgraded Tele2's rating to **"strong-buy"** on July 18th, signaling positive sentiment among analysts.
• The company recently declared a dividend with a yield of **277.0%**, though it has a payout ratio of **79.31%**, indicating a high portion of earnings distributed to shareholders.

Tele2 (OTCMKTS:TLTZY - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $8.07 and last traded at $8.07, with a volume of 1091 shares. The stock had previously closed at $7.84.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Kepler Capital Markets upgraded Tele2 from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. UBS Group upgraded Tele2 from a "sell" rating to a "buy" rating in a report on Monday. Finally, Pareto Securities raised Tele2 to a "strong-buy" rating in a research report on Friday, July 18th.

Tele2 Stock Performance

The business has a 50-day moving average price of $7.46 and a 200-day moving average price of $6.73. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 28.07 and a beta of 0.50. The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 1.09.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $750.96 million for 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%. As a group, sell-side analysts forecast that Tele2 will post 0.28 earnings per share for the current year.

Tele2 Cuts Dividend

The firm also recently declared 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 277.0%. Tele2's dividend payout ratio is presently 79.31%.

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.