Tele2 (OTCMKTS:TLTZY) Shares Gap Down - What's Next?

Key Points

• Tele2 shares opened at $8.45 after closing at $8.78, indicating a gap down before the market opened on Tuesday.
• Equities research analysts have upgraded Tele2 to a "strong-buy" rating, with three analysts giving a Strong Buy and one a Buy rating.
• In the last quarterly earnings report, Tele2 reported $0.09 EPS, surpassing the expected $0.08, along with a net margin of 14.10% and revenue of $750.96 million.

Shares of Tele2 (OTCMKTS:TLTZY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $8.78, but opened at $8.45. Tele2 shares last traded at $8.45, with a volume of 328 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TLTZY shares. Pareto Securities upgraded Tele2 to a "strong-buy" rating in a research report on Friday, July 18th. Kepler Capital Markets upgraded Tele2 from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Finally, UBS Group upgraded Tele2 from a "sell" rating to a "buy" rating in a report on Monday, August 4th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, Tele2 currently has a consensus rating of "Strong Buy".

Tele2 Price Performance

The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of 29.07 and a beta of 0.53. The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 1.09. The business's 50 day simple moving average is $8.19 and its 200-day simple moving average is $7.38.

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

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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