Tele2 (OTCMKTS:TLTZY) Sets New 52-Week High - Should You 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) hit a new 52-week high during mid-day trading on Monday . The stock 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.

Analyst Upgrades and Downgrades

TLTZY has been the topic of several recent research reports. UBS Group raised Tele2 from a "sell" rating to a "buy" rating in a report on Monday. Kepler Capital Markets upgraded Tele2 from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Finally, Pareto Securities upgraded Tele2 to a "strong-buy" rating in a research report on Friday, July 18th.

Tele2 Trading Down 0.1%

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 stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 28.34 and a beta of 0.50. The firm has a 50-day moving average of $7.50 and a 200 day moving average of $6.80.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Tele2 had a return on equity of 19.39% and a net margin of 14.10%. The firm had revenue of $750.96 million for the quarter, compared to analysts' expectations of $7.34 billion. As a group, equities analysts predict that Tele2 will post 0.28 EPS for the current fiscal year.

Tele2 Cuts Dividend

The company 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 was Thursday, May 15th. This represents a dividend yield of 277.0%. Tele2's dividend payout ratio (DPR) is 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.