Tele2 AB (publ) (OTCMKTS:TLTZY) Releases Quarterly Earnings Results

Tele2 AB (publ) (OTCMKTS:TLTZYGet Rating) released its quarterly earnings results on Thursday. The company reported $0.19 EPS for the quarter, reports. The business had revenue of $722.07 million during the quarter, compared to analyst estimates of $705.71 million. Tele2 AB (publ) had a net margin of 16.10% and a return on equity of 12.79%.

TLTZY stock traded up $0.03 during mid-day trading on Friday, reaching $7.58. 1,325 shares of the stock traded hands, compared to its average volume of 5,029. The company has a current ratio of 1.38, a quick ratio of 1.31 and a debt-to-equity ratio of 0.91. Tele2 AB has a 52-week low of $6.04 and a 52-week high of $7.97. The company has a market cap of $10.16 billion, a P/E ratio of 21.06 and a beta of 0.51. The stock’s fifty day moving average is $7.05 and its 200-day moving average is $7.09.

The company also recently disclosed a dividend, which will be paid on Friday, May 20th. Shareholders of record on Monday, May 2nd will be paid a dividend of $0.6811 per share. The ex-dividend date is Friday, April 29th. This is a positive change from Tele2 AB (publ)’s previous dividend of $0.67. This represents a yield of 12.19%. Tele2 AB (publ)’s dividend payout ratio is currently 33.33%.

Several equities analysts have recently commented on TLTZY shares. Barclays lowered their price target on shares of Tele2 AB (publ) from SEK 155 to SEK 150 and set an “overweight” rating for the company in a research report on Friday, April 1st. JPMorgan Chase & Co. increased their target price on shares of Tele2 AB (publ) from SEK 168 to SEK 170 in a research report on Friday. Kepler Capital Markets lowered shares of Tele2 AB (publ) from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. SEB Equities lowered shares of Tele2 AB (publ) from a “buy” rating to a “sell” rating and set a SEK 120 target price for the company. in a research report on Monday, February 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Tele2 AB (publ) from SEK 115 to SEK 120 in a research report on Thursday, January 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $113.55.

Tele2 AB (publ) Company Profile (Get Rating)

Tele2 AB (publ), a telecom operator, provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, and security services.

See Also

Earnings History for Tele2 AB (publ) (OTCMKTS:TLTZY)

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