Tele2 (OTCMKTS:TLTZY) Stock Price Up 7.9% – Time to Buy?

Shares of Tele2 (OTCMKTS:TLTZY) were up 7.9% during trading on Thursday . The stock traded as high as $11.09 and last traded at $11.09. Approximately 4,174 shares were traded during trading, a decline of 84% from the average daily volume of 26,292 shares. The stock had previously closed at $10.2790.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TLTZY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a research report on Tuesday, January 27th. New Street Research raised Tele2 to a “buy” rating in a research report on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Tele2 presently has a consensus rating of “Buy”.

Tele2 Price Performance

The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 0.57. The stock’s 50-day moving average is $10.21 and its two-hundred day moving average is $8.86. The stock has a market cap of $15.21 billion, a PE ratio of 32.65 and a beta of 0.44.

Tele2 (OTCMKTS:TLTZY) last announced its earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Tele2 had a net margin of 15.40% and a return on equity of 21.68%. The firm had revenue of $854.77 million during the quarter, compared to analysts’ expectations of $866.14 million. On average, equities analysts predict that Tele2 will post 0.28 earnings per share for the current 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.