Shares of Tele2 (OTCMKTS:TLTZY - Get Free Report) saw strong trading volume on Wednesday . 17,573 shares were traded during mid-day trading, an increase of 107% from the previous session's volume of 8,499 shares.The stock last traded at $7.57 and had previously closed at $7.89.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Kepler Capital Markets upgraded Tele2 from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Pareto Securities raised Tele2 to a "strong-buy" rating in a report on Friday, July 18th.
Get Our Latest Stock Analysis on Tele2
Tele2 Price Performance
The stock has a 50-day simple moving average of $7.43 and a 200 day simple moving average of $6.67. The stock has a market capitalization of $10.72 billion, a P/E ratio of 27.02 and a beta of 0.50. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.48 and a current ratio of 0.44.
Tele2 (OTCMKTS:TLTZY - Get Free Report) last posted its quarterly earnings data 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. Tele2 had a net margin of 14.10% and a return on equity of 19.39%. The company had revenue of $750.96 million during the quarter, compared to the consensus estimate of $7.34 billion. On average, equities analysts forecast that Tele2 will post 0.28 earnings per share for the current fiscal year.
Tele2 Cuts Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, June 4th. Stockholders of record on Friday, May 16th were issued a dividend of $0.0972 per share. This represents a dividend yield of 277.0%. The ex-dividend date of this dividend was Thursday, May 15th. Tele2's payout ratio is currently 79.31%.
About Tele2
(
Get Free Report)
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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