Shares of Tele2 (OTCMKTS:TLTZY - Get Free Report) saw an uptick in trading volume on Friday following a better than expected earnings announcement. 41,406 shares changed 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 for the quarter, topping the consensus estimate of $0.08 by $0.01. Tele2 had a return on equity of 18.01% and a net margin of 13.20%. The company had revenue of $750.96 million during the quarter, compared to the consensus estimate of $7.34 billion.
Tele2 Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Friday, May 16th were paid a dividend of $0.0972 per share. This represents a yield of 2.77%. The ex-dividend date was Thursday, May 15th. Tele2's payout ratio is currently 88.46%.
Tele2 Trading Up 1.7%
The firm has a market capitalization of $10.37 billion, a P/E ratio of 29.15 and a beta of 0.51. 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 firm has a 50 day moving average price of $7.32 and a two-hundred day moving average price of $6.45.
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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