Tele2 (OTCMKTS:TLTZY) Shares Gap Up – What’s Next?

Tele2 (OTCMKTS:TLTZY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $10.19, but opened at $11.05. Tele2 shares last traded at $10.51, with a volume of 1,785 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TLTZY shares. New Street Research raised Tele2 to a “buy” rating in a research note on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Tele2 has an average rating of “Buy”.

Tele2 Stock Performance

The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 30.91 and a beta of 0.44. The stock has a 50-day moving average of $9.53 and a 200-day moving average of $8.67. 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 issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $854.77 million for the quarter, compared to the consensus estimate of $866.14 million. Tele2 had a return on equity of 21.68% and a net margin of 15.40%. As a group, analysts anticipate that Tele2 will post 0.28 EPS for the current fiscal 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.