Tele2 (OTCMKTS:TLTZY) Stock Price Down 6.3% - Time to Sell?

Key Points

• Stock drop: Tele2 fell 6.3% on Monday to as low as $9.52 and last traded at $9.98, with just 1,817 shares traded—about 91% below its average session volume—indicating unusually thin trading.
• Earnings miss: Tele2 reported $0.09 EPS versus $0.11 expected and $854.77M revenue versus $866.14M expected for the quarter, though it still posted a 15.4% net margin and a 21.7% return on equity.
• Analyst stance: Analysts on average rate Tele2 a "Buy" (including 2 Strong Buy and 3 Buy ratings), and the stock carries a $14.05B market cap with a P/E of 30.15.

Tele2 (OTCMKTS:TLTZY - Get Free Report) fell 6.3% on Monday . The company traded as low as $9.52 and last traded at $9.98. 1,817 shares were traded during trading, a decline of 91% from the average session volume of 21,096 shares. The stock had previously closed at $10.65.

Analyst Upgrades and Downgrades

TLTZY has been the subject of a number of recent analyst reports. New Street Research raised 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 research note 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 company's stock. According to MarketBeat, Tele2 presently has an average rating of "Buy".

Tele2 Stock Up 0.4%

The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The stock has a market cap of $14.05 billion, a P/E ratio of 30.15 and a beta of 0.44. The firm has a 50-day simple moving average of $9.91 and a two-hundred day simple moving average of $8.79.

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

Tele2 Company Profile

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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