Tele2 (OTCMKTS:TLTZY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Trading spike: About 82,818 shares traded mid-day, a 208% increase from the prior session, with the stock last at $10.3950 (previous close $10.52).
• Analyst consensus: MarketBeat shows a consensus "Buy" (2 Strong Buy, 3 Buy, 1 Hold), though Deutsche Bank recently maintained a Hold and New Street upgraded to Buy.
• Quarterly miss but healthy margins: Tele2 reported $0.09 EPS vs $0.11 expected and $854.77M revenue vs $866.14M expected, while posting a 21.68% ROE, 15.4% net margin and a $14.27B market cap.

Shares of Tele2 (OTCMKTS:TLTZY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 82,818 shares were traded during mid-day trading, an increase of 208% from the previous session's volume of 26,926 shares.The stock last traded at $10.3950 and had previously closed at $10.52.

Wall Street Analysts Forecast Growth

TLTZY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Tele2 in a report on Tuesday, January 27th. New Street Research raised Tele2 to a "buy" rating in a report on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Tele2 Price Performance

The firm has a market capitalization of $14.27 billion, a P/E ratio of 30.62 and a beta of 0.44. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average of $10.32 and a 200-day moving average of $8.91.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $854.77 million for the quarter, compared to the consensus estimate of $866.14 million. Tele2 had a return on equity of 21.68% and a net margin of 15.40%. Equities analysts predict that Tele2 will post 0.28 EPS for the current fiscal year.

Tele2 Company Profile

Tele2 AB is a European telecommunications company headquartered in Kista, Sweden. Since its founding in 1993, the firm has developed into a full-service provider of voice, data and multimedia solutions for both consumer and business markets. Its core offerings include mobile telephony, fixed and mobile broadband, voice over IP, digital television services and data network solutions, alongside emerging Internet of Things (IoT) and machine-to-machine connectivity products.

Tele2 operates primarily across the Nordic and Baltic regions, with key markets in Sweden, Estonia, Latvia and Lithuania.

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