Tele2 AB (publ) (OTCMKTS:TLTZY) Stock Price Up 2.6% – Should You Buy?

Tele2 AB (publ) (OTCMKTS:TLTZY) shares rose 2.6% on Thursday . The company traded as high as $5.08 and last traded at $5.04. Approximately 4,454 shares changed hands during trading, an increase of 139% from the average daily volume of 1,861 shares. The stock had previously closed at $4.91.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Tele2 AB (publ) to a “strong-buy” rating in a research report on Tuesday, September 24th.

Tele2 AB (publ) Price Performance

The company has a current ratio of 0.58, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07. The firm’s 50-day moving average price is $5.24 and its two-hundred day moving average price is $5.17. The stock has a market cap of $6.89 billion, a PE ratio of 19.38 and a beta of 0.58.

Tele2 AB (publ) (OTCMKTS:TLTZY) last posted its earnings results on Tuesday, October 22nd. The company reported $0.08 earnings per share for the quarter. Tele2 AB (publ) had a return on equity of 17.26% and a net margin of 12.97%. The company had revenue of $709.41 million during the quarter. On average, equities analysts expect that Tele2 AB will post 0.26 earnings per share for the current fiscal year.

Tele2 AB (publ) Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, November 4th. Investors of record on Tuesday, October 15th were given a dividend of $0.111 per share. The ex-dividend date of this dividend was Tuesday, October 15th. Tele2 AB (publ)’s payout ratio is 61.54%.

Tele2 AB (publ) Company Profile

Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, 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, united communications, and security services.