Tele2 (OTCMKTS:TLTZY) Short Interest Update

Tele2 (OTCMKTS:TLTZY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 80,604 shares, a growth of 85.8% from the June 15th total of 43,392 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 345,302 shares, the short-interest ratio is currently 0.2 days.

Tele2 Stock Performance

Shares of OTCMKTS:TLTZY opened at $8.28 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. Tele2 has a 12 month low of $7.39 and a 12 month high of $11.61. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 10.62 and a beta of 0.40. The firm’s 50-day moving average is $9.21 and its 200 day moving average is $9.66.

Tele2 (OTCMKTS:TLTZY) last announced its quarterly earnings data on Thursday, July 16th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $766.77 million during the quarter, compared to the consensus estimate of $750.18 million. Tele2 had a return on equity of 42.92% and a net margin of 33.96%. Research analysts predict that Tele2 will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TLTZY. Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Citigroup downgraded Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Finally, Zacks Research lowered shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.