Tele2 (OTCMKTS:TLTZY) Hits New 12-Month High – Should You Buy?

Shares of Tele2 (OTCMKTS:TLTZY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $11.04 and last traded at $10.50, with a volume of 513 shares. The stock had previously closed at $10.5010.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TLTZY shares. New Street Research upgraded Tele2 to a “buy” rating in a report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a report on Tuesday, January 27th. Two investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Tele2 Stock Performance

The firm’s 50 day moving average is $8.81 and its 200-day moving average is $8.44. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 30.55 and a beta of 0.45. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 0.57.

Tele2 (OTCMKTS:TLTZY) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Tele2 had a return on equity of 21.68% and a net margin of 15.40%.The firm had revenue of $854.77 million for the quarter, compared to analyst estimates of $866.14 million. Analysts forecast that Tele2 will post 0.28 earnings per share 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.