Tele2 (OTCMKTS:TLTZY) Shares Gap Down - Time to Sell?

Tele2 (OTCMKTS:TLTZY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $7.66, but opened at $7.25. Tele2 shares last traded at $7.31, with a volume of 1,845 shares changing hands.

Tele2 Stock Performance

The business's fifty day simple moving average is $7.34 and its 200-day simple moving average is $6.37. The firm has a market cap of $9.74 billion, a P/E ratio of 27.39 and a beta of 0.51. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 0.86.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 year.

Tele2 Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 4th. Stockholders of record on Friday, May 16th were given a $0.0972 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a dividend yield of 2.77%. Tele2's dividend payout ratio is currently 88.46%.

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.