Tele2 (OTCMKTS:TLTZY) Sets New 1-Year High - What's Next?

Key Points

• Tele2's stock hit a new 52-week high of $9.34, rising from a previous close of $8.82, with a trading volume of 2264 shares.
• Analysts have upgraded Tele2's rating, with BNP Paribas moving it from "hold" to "outperform" and Kepler Capital Markets and others issuing "strong-buy" ratings.
• Tele2 recently announced a dividend increase to $0.1013 per share, resulting in a yield of 238.0%, with payment set for October 30th.

Tele2 (OTCMKTS:TLTZY - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.34 and last traded at $9.34, with a volume of 2264 shares traded. The stock had previously closed at $8.82.

Analyst Upgrades and Downgrades

TLTZY has been the subject of a number of research reports. BNP Paribas raised shares of Tele2 from a "hold" rating to an "outperform" rating in a research note on Thursday. Kepler Capital Markets upgraded shares of Tele2 from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Pareto Securities upgraded shares of Tele2 to a "strong-buy" rating in a research note on Friday, July 18th. Finally, UBS Group raised shares of Tele2 from a "sell" rating to a "buy" rating in a report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Strong Buy".

Tele2 Trading Up 5.9%

The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.39 and a current ratio of 0.44. The stock has a market capitalization of $12.78 billion, a PE ratio of 32.21 and a beta of 0.52. The company has a 50 day moving average of $8.49 and a two-hundred day moving average of $7.62.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $750.96 million during the quarter, compared to analyst estimates of $7.34 billion. Tele2 had a net margin of 14.10% and a return on equity of 19.39%. Sell-side analysts predict that Tele2 will post 0.28 EPS for the current year.

Tele2 Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 30th. Shareholders of record on Monday, October 13th will be paid a dividend of $0.1013 per share. This represents a yield of 238.0%. The ex-dividend date is Friday, October 10th. This is a boost from Tele2's previous dividend of $0.10. Tele2's dividend payout ratio (DPR) is presently 55.17%.

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.

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