Tele2 (OTCMKTS:TLTZY - Get Free Report) was down 5.2% during mid-day trading on Friday . The company traded as low as $6.91 and last traded at $6.91. Approximately 4,578 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 8,842 shares. The stock had previously closed at $7.29.
Tele2 Price Performance
The company's 50-day simple moving average is $7.25 and its 200 day simple moving average is $6.17. The company has a market capitalization of $10.03 billion, a P/E ratio of 28.19 and a beta of 0.53. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 0.86.
Tele2 (OTCMKTS:TLTZY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Tele2 had a return on equity of 18.01% and a net margin of 13.20%. The business had revenue of $670.12 million during the quarter, compared to the consensus estimate of $7.33 billion. As a group, sell-side analysts expect that Tele2 will post 0.28 earnings per share for the current fiscal year.
Tele2 Cuts Dividend
The business also recently disclosed 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. This represents a dividend yield of 2.77%. The ex-dividend date of this dividend was Thursday, May 15th. Tele2's dividend payout ratio is 88.46%.
About Tele2
(
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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