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

Key Points

• Tele2 gapped down — the stock opened at $10.06 after closing at $10.4876 (about a 4% decline) and last traded at $10.04 on very light volume (223 shares).
• Earnings missed consensus — Tele2 reported $0.09 EPS vs. $0.11 expected and revenue of $854.77M vs. $866.14M, while reporting a 15.4% net margin and 21.68% ROE.
• Analyst sentiment remains positive — the average rating is "Buy" (including two Strong Buy, three Buy and one Hold), and New Street Research recently upgraded the stock to Buy despite Deutsche Bank's Hold.

Shares of Tele2 (OTCMKTS:TLTZY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $10.4876, but opened at $10.06. Tele2 shares last traded at $10.04, with a volume of 223 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. New Street Research raised shares of Tele2 to a "buy" rating in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Tele2 in a report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy".

Tele2 Price Performance

The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 0.57. The company has a fifty day moving average price of $9.87 and a two-hundred day moving average price of $8.78. The company has a market cap of $13.66 billion, a P/E ratio of 29.31 and a beta of 0.44.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last released its earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). Tele2 had a net margin of 15.40% and a return on equity of 21.68%. The firm had revenue of $854.77 million during the quarter, compared to the consensus estimate of $866.14 million. On average, sell-side analysts anticipate that Tele2 will post 0.28 earnings per share for the current fiscal year.

About Tele2

Tele2 AB is a European telecommunications company headquartered in Kista, Sweden. Since its founding in 1993, the firm has developed into a full-service provider of voice, data and multimedia solutions for both consumer and business markets. Its core offerings include mobile telephony, fixed and mobile broadband, voice over IP, digital television services and data network solutions, alongside emerging Internet of Things (IoT) and machine-to-machine connectivity products.

Tele2 operates primarily across the Nordic and Baltic regions, with key markets in Sweden, Estonia, Latvia and Lithuania.

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