Tele2 (OTCMKTS:TLTZY) Sees Unusually-High Trading Volume Following Strong Earnings

Shares of Tele2 (OTCMKTS:TLTZY) saw an uptick in trading volume on Friday after the company announced better than expected quarterly earnings. 41,406 shares were traded during mid-day trading, an increase of 405% from the previous session’s volume of 8,202 shares.The stock last traded at $7.58 and had previously closed at $7.45.

The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $750.96 million during the quarter, compared to the consensus estimate of $7.34 billion. Tele2 had a net margin of 14.10% and a return on equity of 19.29%.

Tele2 Cuts Dividend

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

Tele2 Price Performance

The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.48 and a current ratio of 0.54. The company’s fifty day simple moving average is $7.33 and its two-hundred day simple moving average is $6.47. The stock has a market capitalization of $10.43 billion, a PE ratio of 26.28 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.