Tele2 (OTCMKTS:TLTZY) Shares Gap Up – Should You Buy?

Tele2 (OTCMKTS:TLTZY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $8.3750, but opened at $8.7850. Tele2 shares last traded at $8.8025, with a volume of 1,007 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. New Street Research upgraded Tele2 to a “buy” rating in a report on Wednesday, December 17th. BNP Paribas Exane upgraded Tele2 from a “hold” rating to an “outperform” rating in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Tele2 Price Performance

The company has a market cap of $12.28 billion, a P/E ratio of 28.94 and a beta of 0.44. The company’s 50-day moving average price is $8.04 and its two-hundred day moving average price is $8.14. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.07.

Tele2 (OTCMKTS:TLTZY) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Tele2 had a return on equity of 20.33% and a net margin of 14.75%.The firm had revenue of $782.33 million during the quarter, compared to analyst estimates of $789.39 million. As a group, sell-side analysts expect that Tele2 will post 0.28 earnings per share for the current 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.