Tele2 (OTCMKTS:TLTZY - Get Free Report)'s share price traded down 4.6% during trading on Wednesday . The stock traded as low as $7.52 and last traded at $7.53. 20,306 shares changed hands during trading, an increase of 133% from the average session volume of 8,721 shares. The stock had previously closed at $7.89.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Pareto Securities upgraded Tele2 to a "strong-buy" rating in a research note on Friday, July 18th. Kepler Capital Markets raised Tele2 from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th.
Check Out Our Latest Research Report on TLTZY
Tele2 Stock Up 1.8%
The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 27.02 and a beta of 0.50. The company has a current ratio of 0.44, a quick ratio of 0.48 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average price of $7.43 and a two-hundred day moving average price of $6.69.
Tele2 (OTCMKTS:TLTZY - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Tele2 had a return on equity of 19.39% and a net margin of 14.10%. The business had revenue of $750.96 million for the quarter, compared to the consensus estimate of $7.34 billion. On average, equities analysts expect that Tele2 will post 0.28 earnings per share for the current fiscal year.
Tele2 Cuts Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, June 4th. Investors of record on Friday, May 16th were given a dividend of $0.0972 per share. The ex-dividend date was Thursday, May 15th. This represents a yield of 277.0%. Tele2's payout ratio is currently 79.31%.
About Tele2
(
Get Free Report)
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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