Tele2 (OTCMKTS:TLTZY) Trading Up 1.7% – Still a Buy?

Tele2 (OTCMKTS:TLTZY) traded up 1.7% during mid-day trading on Tuesday . The stock traded as high as $8.46 and last traded at $8.3625. 1,599 shares were traded during mid-day trading, a decline of 73% from the average session volume of 5,913 shares. The stock had previously closed at $8.2260.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TLTZY shares. BNP Paribas upgraded Tele2 from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. New Street Research raised Tele2 to a “buy” rating in a report on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, Tele2 has a consensus rating of “Buy”.

Tele2 Stock Up 1.7%

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 has a market capitalization of $11.45 billion, a P/E ratio of 26.98 and a beta of 0.45. The stock has a fifty day moving average of $7.89 and a 200 day moving average of $8.03.

Tele2 (OTCMKTS:TLTZY) last posted its earnings results on Tuesday, October 21st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $782.33 million for the quarter, compared to analysts’ expectations of $789.39 million. Tele2 had a return on equity of 20.33% and a net margin of 14.75%. On average, research analysts anticipate that Tele2 will post 0.28 EPS for the current fiscal year.

Tele2 Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 30th. Investors of record on Monday, October 13th were issued a dividend of $0.1013 per share. The ex-dividend date was Friday, October 10th. This represents a yield of 238.0%. This is an increase from Tele2’s previous dividend of $0.10. Tele2’s dividend payout ratio (DPR) is currently 54.84%.

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.