Tele2 (OTCMKTS:TLTZY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 17,573 shares traded hands during 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.
Analyst Ratings Changes
A number of research analysts have commented on TLTZY shares. Kepler Capital Markets upgraded Tele2 from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Pareto Securities upgraded Tele2 to a "strong-buy" rating in a research note on Friday, July 18th.
Check Out Our Latest Stock Analysis on TLTZY
Tele2 Stock Performance
The company has a quick ratio of 0.48, a current ratio of 0.44 and a debt-to-equity ratio of 1.09. The firm has a fifty day simple moving average of $7.43 and a 200-day simple moving average of $6.69. The company has a market cap of $10.72 billion, a PE ratio of 27.02 and a beta of 0.50.
Tele2 (OTCMKTS:TLTZY - Get Free Report) last posted 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. 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, research analysts forecast that Tele2 will post 0.28 EPS for the current fiscal year.
Tele2 Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Friday, May 16th were paid a $0.0972 dividend. This represents a yield of 277.0%. The ex-dividend date of this dividend was Thursday, May 15th. Tele2's payout ratio is presently 79.31%.
Tele2 Company Profile
(
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.
Featured Articles
Before you consider Tele2, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tele2 wasn't on the list.
While Tele2 currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.