Tele2 (OTCMKTS:TLTZY) Sees Large Volume Increase - Should You Buy?

Tele2 (OTCMKTS:TLTZY - Get Free Report) saw unusually-high 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.

Wall Street Analyst Weigh In

Several analysts 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 research report on Friday, July 18th.

Tele2 Stock Down 3.5%

The firm has a market cap of $10.53 billion, a PE ratio of 26.53 and a beta of 0.51. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 0.86. The company's 50 day moving average price is $7.41 and its two-hundred day moving average price is $6.60.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 19.29% and a net margin of 14.10%. On average, equities research analysts expect that Tele2 will post 0.28 EPS for the current fiscal year.

Tele2 Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 4th. Stockholders of record on Friday, May 16th were issued a $0.0972 dividend. This represents a dividend yield of 2.77%. The ex-dividend date 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.