Tele2 (OTCMKTS:TLTZY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Tele2 (OTCMKTS:TLTZY) saw an uptick in trading volume on Monday . Approximately 198,955 shares changed hands during mid-day trading, an increase of 285% from the previous session’s volume of 51,655 shares.The stock last traded at $9.45 and had previously closed at $9.16.

Analyst Ratings Changes

TLTZY has been the subject of a number of analyst reports. Citigroup downgraded Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Tele2 currently has an average rating of “Buy”.

Tele2 Stock Down 1.5%

The firm’s fifty day moving average is $9.86 and its 200-day moving average is $9.58. The company has a market capitalization of $12.36 billion, a P/E ratio of 11.56 and a beta of 0.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.03.

Tele2 (OTCMKTS:TLTZY) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.10 by $0.40. Tele2 had a net margin of 34.19% and a return on equity of 44.93%. The business had revenue of $764.89 million during the quarter, compared to the consensus estimate of $775.46 million. As a group, equities research analysts predict that Tele2 will post 0.83 EPS for the current 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.