Tele2 (OTCMKTS:TLTZY) Shares Gap Up After Earnings Beat

Shares of Tele2 (OTCMKTS:TLTZY) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $6.98, but opened at $7.44. Tele2 shares last traded at $7.44, with a volume of 8,629 shares trading hands.

The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Tele2 had a net margin of 13.20% and a return on equity of 18.01%.

Tele2 Cuts Dividend

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

Tele2 Price Performance

The company’s 50-day simple moving average is $7.32 and its 200-day simple moving average is $6.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.54 and a quick ratio of 0.48. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 28.65 and a beta of 0.51.

Tele2 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.