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

Tele2 (OTCMKTS:TLTZY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $8.67, but opened at $9.24. Tele2 shares last traded at $8.77, with a volume of 4,154 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Zacks Research lowered shares of Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday. Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Tele2 Stock Performance

The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $12.04 billion, a P/E ratio of 11.26 and a beta of 0.40. The business’s 50 day simple moving average is $9.37 and its two-hundred day simple moving average is $9.66.

Tele2 (OTCMKTS:TLTZY) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.40. The firm had revenue of $764.89 million for the quarter, compared to analysts’ expectations of $775.46 million. Tele2 had a net margin of 34.19% and a return on equity of 44.93%. Sell-side analysts anticipate that Tele2 will post 0.8 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.