Tele2 (OTCMKTS:TLTZY) Sees Large Volume Increase - Still a Buy?

Key Points

• Tele2 shares experienced a remarkable trading volume increase of 719%, with approximately 90,331 shares traded on Tuesday compared to 11,035 shares the previous session.
• A number of analysts upgraded Tele2 to a "strong-buy" rating, including Pareto Securities and Kepler Capital Markets, on July 18th.
• Tele2 reported $0.09 earnings per share (EPS) for the last quarter, exceeding expectations, with a net margin of 14.10% and revenue totaling $750.96 million.

Tele2 (OTCMKTS:TLTZY - Get Free Report) shares saw an uptick in trading volume on Tuesday . 90,331 shares changed hands during mid-day trading, an increase of 719% from the previous session's volume of 11,035 shares.The stock last traded at $8.06 and had previously closed at $8.09.

Analyst Ratings Changes

Several research analysts have commented on TLTZY shares. Pareto Securities upgraded shares of Tele2 to a "strong-buy" rating in a report on Friday, July 18th. Kepler Capital Markets upgraded shares of Tele2 from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Finally, UBS Group upgraded shares of Tele2 from a "sell" rating to a "buy" rating in a report on Monday, August 4th.

Tele2 Stock Performance

The company has a market cap of $11.25 billion, a PE ratio of 28.34 and a beta of 0.50. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.39 and a current ratio of 0.44. The stock's 50-day simple moving average is $7.50 and its 200 day simple moving average is $6.81.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last announced 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 business had revenue of $750.96 million during 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, equities analysts anticipate that Tele2 will post 0.28 EPS for the current year.

Tele2 Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Friday, May 16th were paid 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 dividend payout ratio (DPR) is currently 79.31%.

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.