Tele2 (OTCMKTS:TLTZY - Get Free Report) saw an uptick in trading volume on Thursday . Approximately 39,990 shares were traded during trading, an increase of 365% from the previous session's volume of 8,602 shares.The stock last traded at $7.98 and had previously closed at $7.85.
Analyst Upgrades and Downgrades
Several analysts have commented on TLTZY shares. Pareto Securities upgraded shares of Tele2 to a "strong-buy" rating in a research note on Friday, July 18th. Kepler Capital Markets raised shares of Tele2 from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th.
Check Out Our Latest Stock Analysis on TLTZY
Tele2 Stock Up 0.6%
The company has a debt-to-equity ratio of 0.86, a current ratio of 0.54 and a quick ratio of 0.48. The business has a fifty day simple moving average of $7.37 and a 200 day simple moving average of $6.53. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 27.24 and a beta of 0.51.
Tele2 (OTCMKTS:TLTZY - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $750.96 million for the quarter, compared to analysts' expectations of $7.34 billion. Tele2 had a net margin of 14.10% and a return on equity of 19.29%. As a group, equities analysts forecast that Tele2 will post 0.28 EPS for the current fiscal year.
Tele2 Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, June 4th. Investors of record on Friday, May 16th were issued a $0.0972 dividend. The ex-dividend date was Thursday, May 15th. This represents a dividend yield of 2.77%. Tele2's dividend 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
