Tele2 (OTCMKTS:TLTZY) Stock Price Up 1.7% – Should You Buy?
by Sarita Garza · The Markets DailyTele2 (OTCMKTS:TLTZY – Get Free Report) shares shot up 1.7% during trading on Tuesday . The company traded as high as $8.46 and last traded at $8.3625. 1,599 shares were traded during trading, a decline of 73% from the average session volume of 5,913 shares. The stock had previously closed at $8.2260.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. New Street Research upgraded Tele2 to a “buy” rating in a research note on Wednesday, December 17th. BNP Paribas raised Tele2 from a “hold” rating to an “outperform” rating in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.
Read Our Latest Report on Tele2
Tele2 Stock Performance
The company has a debt-to-equity ratio of 1.07, a current ratio of 0.68 and a quick ratio of 0.63. The firm has a market cap of $12.06 billion, a P/E ratio of 28.42 and a beta of 0.45. The stock’s 50 day moving average is $7.90 and its two-hundred day moving average is $8.03.
Tele2 (OTCMKTS:TLTZY – Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Tele2 had a net margin of 14.75% and a return on equity of 20.33%. The company had revenue of $782.33 million for the quarter, compared to analyst estimates of $789.39 million. As a group, equities analysts predict that Tele2 will post 0.28 EPS for the current 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.