Tele2 (OTCMKTS:TLTZY) Sees Unusually-High Trading Volume – Here’s Why

Tele2 (OTCMKTS:TLTZY) shares saw unusually-strong trading volume on Wednesday . Approximately 21,171 shares changed hands during trading, an increase of 651% from the previous session’s volume of 2,818 shares.The stock last traded at $9.5270 and had previously closed at $9.51.

Analyst Upgrades and Downgrades

TLTZY has been the topic of several analyst reports. New Street Research upgraded Tele2 to a “buy” rating in a report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research note 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. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Tele2 Trading Down 1.3%

The firm has a market cap of $12.85 billion, a P/E ratio of 27.62 and a beta of 0.45. The firm has a fifty day simple moving average of $8.31 and a 200-day simple moving average of $8.27. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.68 and a quick ratio of 0.63.

Tele2 (OTCMKTS:TLTZY) last issued its earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Tele2 had a return on equity of 22.04% and a net margin of 15.40%.The firm had revenue of $854.77 million during the quarter, compared to the consensus estimate of $866.14 million. On average, equities research analysts expect that Tele2 will post 0.28 earnings per share for the current 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.