Tele2 (OTCMKTS:TLTZY) Shares Down 5.2% – Should You Sell?

Tele2 (OTCMKTS:TLTZY)’s share price fell 5.2% during trading on Friday . The company traded as low as $6.91 and last traded at $6.91. 4,578 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 8,842 shares. The stock had previously closed at $7.29.

Tele2 Trading Down 1.2%

The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $7.25 and a 200 day simple moving average of $6.16. The company has a market cap of $9.85 billion, a price-to-earnings ratio of 27.69 and a beta of 0.53.

Tele2 (OTCMKTS:TLTZY) last released its earnings results on Wednesday, April 23rd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $670.12 million during the quarter, compared to analyst estimates of $7.33 billion. Tele2 had a net margin of 13.20% and a return on equity of 18.01%. On average, equities analysts anticipate that Tele2 will post 0.28 EPS for the current fiscal year.

Tele2 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 4th. Investors of record on Friday, May 16th were issued a dividend of $0.0972 per share. The ex-dividend date was Thursday, May 15th. This represents a yield of 2.77%. Tele2’s dividend payout ratio is presently 88.46%.

About Tele2

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.