Tele2 (OTCMKTS:TLTZY) Shares Down 5.2% - Here's What Happened

Tele2 (OTCMKTS:TLTZY - Get Free Report)'s stock price fell 5.2% on Friday . The company traded as low as $6.91 and last traded at $6.91. 4,578 shares were traded during mid-day trading, a decline of 48% from the average session volume of 8,842 shares. The stock had previously closed at $7.29.

Tele2 Trading Up 2.9%

The stock has a market capitalization of $10.26 billion, a PE ratio of 28.85 and a beta of 0.53. The business's 50-day moving average is $7.23 and its two-hundred day moving average is $6.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.48 and a current ratio of 0.54.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Tele2 had a net margin of 13.20% and a return on equity of 18.01%. The business had revenue of $670.12 million during the quarter, compared to analyst estimates of $7.33 billion. As a group, equities research analysts anticipate that Tele2 will post 0.28 earnings per share for the current year.

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 paid 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 88.46%.

About Tele2

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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