Tele2 (OTCMKTS:TLTZY) Sees Strong Trading Volume After Strong Earnings

Tele2 (OTCMKTS:TLTZY - Get Free Report) saw unusually-high trading volume on Friday following a stronger than expected earnings report. Approximately 41,406 shares traded hands during mid-day trading, an increase of 405% from the previous session's volume of 8,202 shares.The stock last traded at $7.58 and had previously closed at $7.45.

The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $750.96 million during 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%.

Tele2 Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 4th. Stockholders of record on Friday, May 16th were issued a dividend of $0.0972 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a dividend yield of 2.77%. Tele2's dividend payout ratio (DPR) is presently 79.31%.

Tele2 Stock Performance

The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.48 and a current ratio of 0.54. The stock has a fifty day simple moving average of $7.33 and a two-hundred day simple moving average of $6.49. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 27.48 and a beta of 0.51.

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.