Tele2 (OTCMKTS:TLTZY) Sets New 12-Month High - Time to 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.

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

Analysts Set New Price Targets

TLTZY has been the topic of several research analyst reports. Pareto Securities upgraded shares of Tele2 to a "strong-buy" rating in a research note on Friday, July 18th. UBS Group upgraded shares of Tele2 from a "sell" rating to a "buy" rating in a research note on Monday, August 4th. Finally, Kepler Capital Markets upgraded shares of Tele2 from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th.

Tele2 Trading Up 0.3%

The company has a market cap of $11.42 billion, a PE ratio of 28.77 and a beta of 0.50. The stock's 50 day moving average is $7.59 and its 200-day moving average is $6.91. 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 released its quarterly earnings results on Thursday, July 17th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The company had revenue of $750.96 million for the quarter, compared to the consensus estimate of $7.34 billion. Tele2 had a net margin of 14.10% and a return on equity of 19.39%. As a group, sell-side analysts anticipate 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.