Tele2 (OTCMKTS:TLTZY - Get Free Report) shares dropped 4.6% on Wednesday . The company traded as low as $7.52 and last traded at $7.53. Approximately 20,306 shares were traded during mid-day trading, an increase of 133% from the average daily volume of 8,721 shares. The stock had previously closed at $7.89.
Wall Street Analyst Weigh In
TLTZY has been the subject of several research reports. Kepler Capital Markets raised shares of Tele2 from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Pareto Securities raised Tele2 to a "strong-buy" rating in a research report on Friday, July 18th.
Get Our Latest Research Report on Tele2
Tele2 Stock Performance
The stock has a market cap of $10.72 billion, a P/E ratio of 27.02 and a beta of 0.50. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.44 and a quick ratio of 0.48. The stock has a 50-day simple moving average of $7.43 and a 200-day simple moving average of $6.67.
Tele2 (OTCMKTS:TLTZY - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. Tele2 had a return on equity of 19.39% and a net margin of 14.10%. The firm had revenue of $750.96 million for the quarter, compared to analyst estimates of $7.34 billion. Research analysts forecast that Tele2 will post 0.28 earnings per share for the current year.
Tele2 Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Friday, May 16th were paid 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 79.31%.
Tele2 Company Profile
(
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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