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

Key Points

• Tele2 (OTCMKTS:TLTZY) reached a new 52-week high of $8.53, with a last trading price of $8.15 and a market capitalization of $11.33 billion.
• Wall Street analysts have recently upgraded their ratings for Tele2, with Pareto Securities and Kepler Capital Markets both assigning a "strong-buy" rating, signaling positive growth expectations.
• The company has a current dividend payout ratio of 79.31%, despite recently declaring a significant 277% dividend yield of $0.0972 per share.

Shares of Tele2 (OTCMKTS:TLTZY - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $8.53 and last traded at $8.15, with a volume of 350 shares. The stock had previously closed at $8.22.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Pareto Securities raised shares of Tele2 to a "strong-buy" rating in a report on Friday, July 18th. Kepler Capital Markets raised 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 note on Monday, August 4th.

Tele2 Price Performance

The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 1.09. The company has a 50 day moving average of $7.50 and a 200-day moving average of $6.82. The stock has a market capitalization of $11.33 billion, a P/E ratio of 28.53 and a beta of 0.50.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $750.96 million during the quarter, compared to analyst estimates of $7.34 billion. Tele2 had a return on equity of 19.39% and a net margin of 14.10%. Sell-side analysts predict that Tele2 will post 0.28 EPS 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 $0.0972 dividend. This represents a dividend yield of 277.0%. The ex-dividend date of this dividend was Thursday, May 15th. Tele2's dividend payout ratio (DPR) 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.

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