Tele2 (OTCMKTS:TLTZY) Sees Strong Trading Volume – Still a Buy?

Tele2 (OTCMKTS:TLTZY) shares saw strong trading volume on Tuesday . 159,339 shares were traded during mid-day trading, an increase of 153% from the previous session’s volume of 63,098 shares.The stock last traded at $8.42 and had previously closed at $8.43.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TLTZY. Zacks Research upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Citigroup downgraded Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Tele2 has a consensus rating of “Buy”.

Tele2 Trading Down 0.1%

The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average is $9.49 and its 200-day moving average is $9.65. The stock has a market capitalization of $11.55 billion, a PE ratio of 10.80 and a beta of 0.40.

Tele2 (OTCMKTS:TLTZY) last issued its earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.40. Tele2 had a return on equity of 44.93% and a net margin of 34.19%.The business had revenue of $764.89 million during the quarter, compared to analysts’ expectations of $775.46 million. As a group, analysts anticipate that Tele2 will post 0.83 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.