Tele2 (OTCMKTS:TLTZY) Shares Gap Up – What’s Next?

Tele2 (OTCMKTS:TLTZY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $10.50, but opened at $10.95. Tele2 shares last traded at $10.4825, with a volume of 2,843 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a report on Tuesday, January 27th. New Street Research raised shares of Tele2 to a “buy” rating in a research note on Wednesday, December 17th. Two equities research 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 a consensus rating of “Buy”.

Tele2 Price Performance

The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $14.86 billion, a PE ratio of 31.94 and a beta of 0.45. The firm’s 50 day simple moving average is $9.22 and its 200 day simple moving average is $8.57.

Tele2 (OTCMKTS:TLTZY) last released its earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $854.77 million during the quarter, compared to the consensus estimate of $866.14 million. Tele2 had a return on equity of 21.68% and a net margin of 15.40%. As a group, research analysts anticipate that Tele2 will post 0.28 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.