Tele2 (OTCMKTS:TLTZY) Sees Unusually-High Trading Volume – Still a Buy?

Tele2 (OTCMKTS:TLTZY) saw an uptick in trading volume on Wednesday . 14,596 shares changed hands during trading, an increase of 1,018% from the previous session’s volume of 1,305 shares.The stock last traded at $9.21 and had previously closed at $9.1075.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a research report on Tuesday. BNP Paribas Exane raised Tele2 from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. Finally, New Street Research upgraded Tele2 to a “buy” rating in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tele2 currently has a consensus rating of “Buy”.

Tele2 Price Performance

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 business’s 50-day moving average price is $8.15 and its two-hundred day moving average price is $8.20. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 29.71 and a beta of 0.44.

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 $0.10 by ($0.01). Tele2 had a net margin of 14.75% and a return on equity of 20.33%. On average, research analysts forecast 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.