Tele2 (OTCMKTS:TLTZY) Shares Gap Down – Here’s Why

Tele2 (OTCMKTS:TLTZY) gapped down before the market opened on Friday . The stock had previously closed at $10.4876, but opened at $10.06. Tele2 shares last traded at $10.04, with a volume of 223 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TLTZY shares. New Street Research raised shares of Tele2 to a “buy” rating in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Tele2 Price Performance

The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 30.03 and a beta of 0.44. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 0.90. The company has a 50 day simple moving average of $9.91 and a 200 day simple moving average of $8.79.

Tele2 (OTCMKTS:TLTZY) last posted its earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Tele2 had a return on equity of 21.68% and a net margin of 15.40%.The business had revenue of $854.77 million for the quarter, compared to analyst estimates of $866.14 million. As a group, research analysts predict that Tele2 will post 0.28 EPS for the current year.

Tele2 Company Profile

Tele2 AB is a European telecommunications company headquartered in Kista, Sweden. Since its founding in 1993, the firm has developed into a full-service provider of voice, data and multimedia solutions for both consumer and business markets. Its core offerings include mobile telephony, fixed and mobile broadband, voice over IP, digital television services and data network solutions, alongside emerging Internet of Things (IoT) and machine-to-machine connectivity products.

Tele2 operates primarily across the Nordic and Baltic regions, with key markets in Sweden, Estonia, Latvia and Lithuania.