Tele2 (OTCMKTS:TLTZY) Stock Price Down 10.5% – What’s Next?

Tele2 (OTCMKTS:TLTZY) dropped 10.5% during mid-day trading on Tuesday . The company traded as low as $9.61 and last traded at $9.61. Approximately 9,607 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 14,421 shares. The stock had previously closed at $10.7360.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research note on Tuesday, January 27th. New Street Research raised shares of Tele2 to a “buy” rating in a research report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Tele2 Price Performance

The company has a 50-day moving average of $9.41 and a 200 day moving average of $8.63. 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 stock has a market capitalization of $14.64 billion, a PE ratio of 31.47 and a beta of 0.44.

Tele2 (OTCMKTS:TLTZY) last issued its 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 net margin of 15.40% and a return on equity of 21.68%. The business had revenue of $854.77 million during the quarter, compared to analyst estimates of $866.14 million. Sell-side analysts predict that Tele2 will post 0.28 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.