Tele2 (OTCMKTS:TLTZY) Reaches New 52-Week High – Should You Buy?

Tele2 (OTCMKTS:TLTZYGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $10.45 and last traded at $10.45, with a volume of 141 shares changing hands. The stock had previously closed at $9.89.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a report on Tuesday, January 27th. New Street Research upgraded Tele2 to a “buy” rating in a research note on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Check Out Our Latest Research Report on TLTZY

Tele2 Stock Up 3.3%

The company has a market capitalization of $13.98 billion, a P/E ratio of 30.04 and a beta of 0.45. The business’s fifty day moving average price is $8.42 and its 200 day moving average price is $8.31. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.07.

Tele2 (OTCMKTS:TLTZYGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Tele2 had a return on equity of 22.04% and a net margin of 15.40%.The business had revenue of $854.77 million for the quarter, compared to the consensus estimate of $866.14 million. As a group, equities research analysts predict that Tele2 will post 0.28 earnings per share for the current fiscal year.

Tele2 Company Profile

(Get Free Report)

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.

Further Reading

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