Tele2 (OTCMKTS:TLTZY) Shares Gap Up – Still a Buy?

Shares of Tele2 (OTCMKTS:TLTZY) gapped up prior to trading 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.

Analysts Set New Price Targets

A number of analysts recently issued reports on TLTZY shares. New Street Research raised shares of Tele2 to a “buy” rating in a research report on Wednesday, December 17th. BNP Paribas Exane upgraded shares of Tele2 from a “hold” rating to an “outperform” rating in a report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Tele2 Stock 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 has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.07. The firm’s fifty day moving average price is $8.09 and its 200-day moving average price is $8.16.

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