Tele2 (OTCMKTS:TLTZY - Get Free Report) shares saw strong trading volume on Friday . 39,861 shares were traded during mid-day trading, an increase of 262% from the previous session's volume of 11,005 shares.The stock last traded at $8.24 and had previously closed at $8.21.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on TLTZY. Kepler Capital Markets upgraded Tele2 from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. UBS Group upgraded shares of Tele2 from a "sell" rating to a "buy" rating in a research note on Monday, August 4th. Finally, Pareto Securities raised shares of Tele2 to a "strong-buy" rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Strong Buy".
Check Out Our Latest Stock Analysis on TLTZY
Tele2 Stock Performance
The firm has a market cap of $11.32 billion, a PE ratio of 28.53 and a beta of 0.53. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 1.09. The stock's 50 day moving average price is $8.37 and its 200 day moving average price is $7.50.
Tele2 (OTCMKTS:TLTZY - Get Free Report) last released its quarterly 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 firm had revenue of $750.96 million for 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 forecast that Tele2 will post 0.28 earnings per share for the current fiscal year.
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.
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