Tele2 (OTCMKTS:TLTZY) Trading 5.3% Higher - What's Next?

Shares of Tele2 (OTCMKTS:TLTZY - Get Free Report) shot up 5.3% on Monday . The company traded as high as $7.65 and last traded at $7.65. 1,637 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 8,193 shares. The stock had previously closed at $7.27.

Tele2 Stock Performance

The stock has a 50 day moving average price of $7.35 and a two-hundred day moving average price of $6.35. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 0.86. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 29.46 and a beta of 0.51.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Tele2 had a net margin of 13.20% and a return on equity of 18.01%. The firm had revenue of $670.12 million during the quarter, compared to the consensus estimate of $7.33 billion. Analysts predict that Tele2 will post 0.28 EPS for the current year.

Tele2 Cuts Dividend

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