Tele2 (OTCMKTS:TLTZY) Short Interest Update

Tele2 (OTCMKTS:TLTZY) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 43,392 shares, a drop of 51.0% from the May 31st total of 88,591 shares. Based on an average trading volume of 211,354 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of research firms 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 lowered Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy”.

Tele2 Trading Down 3.2%

Tele2 stock opened at $8.39 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.03. Tele2 has a fifty-two week low of $6.88 and a fifty-two week high of $11.61. The stock has a market cap of $11.50 billion, a P/E ratio of 10.76 and a beta of 0.40. The firm’s fifty day moving average price is $9.59 and its 200-day moving average price is $9.64.

Tele2 (OTCMKTS:TLTZY) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.40. Tele2 had a return on equity of 44.93% and a net margin of 34.19%.The company had revenue of $764.89 million during the quarter, compared to analyst estimates of $775.46 million. Equities research analysts forecast that Tele2 will post 0.83 earnings per share for the current fiscal 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.