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

Tele2 (OTCMKTS:TLTZY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $7.38, but opened at $7.04. Tele2 shares last traded at $7.04, with a volume of 3,037 shares.

Tele2 Stock Down 0.1%

The company has a debt-to-equity ratio of 0.86, a current ratio of 0.54 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $7.33 and a 200-day simple moving average of $6.23. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of 28.29 and a beta of 0.53.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last released its quarterly earnings data 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 company had revenue of $670.12 million for the quarter, compared to analyst estimates of $7.33 billion. On average, sell-side analysts forecast that Tele2 will post 0.28 EPS for the current fiscal year.

Tele2 Cuts Dividend

The firm also recently announced 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 was Thursday, May 15th. Tele2's payout ratio 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.