Tele2 (OTCMKTS:TLTZY) Shares Gap Down – Should You Sell?
by Sarita Garza · The Markets DailyTele2 (OTCMKTS:TLTZY – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $8.81, but opened at $8.39. Tele2 shares last traded at $8.39, with a volume of 202 shares traded.
Analyst Upgrades and Downgrades
TLTZY has been the topic of a number of analyst reports. New Street Research upgraded Tele2 to a “buy” rating in a research note on Wednesday, December 17th. BNP Paribas raised shares of Tele2 from a “hold” rating to an “outperform” rating in a report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, Tele2 has an average rating of “Buy”.
Get Our Latest Analysis on TLTZY
Tele2 Price Performance
The stock has a market capitalization of $11.50 billion, a PE ratio of 27.10 and a beta of 0.44. 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’s 50 day simple moving average is $7.92 and its 200 day simple moving average is $8.06.
Tele2 (OTCMKTS:TLTZY – Get Free Report) last released its earnings results on Tuesday, October 21st. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $782.33 million for the quarter, compared to the consensus estimate of $789.39 million. Tele2 had a net margin of 14.75% and a return on equity of 20.33%. As a group, equities analysts forecast that Tele2 will post 0.28 EPS for the current fiscal year.
About Tele2
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.