Tele2 (OTCMKTS:TLTZY) Stock Jumps 3.5% – Should You Buy?

Tele2 (OTCMKTS:TLTZY) traded up 3.5% during trading on Wednesday. The stock traded as high as $8.59 and last traded at $8.2150. Approximately 4,823 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 81,223 shares. The stock had previously closed at $7.94.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TLTZY shares. BNP Paribas Exane cut Tele2 from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 9th. Kepler Capital Markets raised Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Zacks Research downgraded shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, Sanford C. Bernstein lowered shares of Tele2 to a “market perform” rating in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Tele2 Trading Down 1.5%

The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 9.87 and a beta of 0.38. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.70 and a quick ratio of 0.64. The business has a 50 day simple moving average of $8.60 and a 200-day simple moving average of $9.23.

Tele2 (OTCMKTS:TLTZY) last released its quarterly earnings results on Thursday, July 16th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Tele2 had a net margin of 33.96% and a return on equity of 43.42%. The company had revenue of $766.77 million during the quarter, compared to analyst estimates of $750.18 million. As a group, equities analysts expect that Tele2 will post 0.78 earnings per share for the current year.

About Tele2

Tele2 AB is a Swedish telecommunications company that provides mobile and fixed communications services to consumers, businesses and public-sector customers. Its offerings include mobile voice and data services, broadband connectivity, fixed-line communications, digital television and related communications solutions.

The company also provides internet-of-things (IoT) connectivity and other business services designed to help organizations connect devices, manage communications and support digital operations.