Tele2 (OTCMKTS:TLTZY) Shares Gap Down – Time to Sell?

Shares of Tele2 (OTCMKTS:TLTZY) gapped down before the market opened on Friday . The stock had previously closed at $10.86, but opened at $9.99. Tele2 shares last traded at $10.44, with a volume of 1,033 shares.

Analyst Ratings Changes

TLTZY has been the topic of several research analyst reports. New Street Research raised Tele2 to a “buy” rating in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research note on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Tele2 presently has an average rating of “Buy”.

Tele2 Stock Down 1.2%

The company has a current ratio of 0.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The firm has a market cap of $14.37 billion, a PE ratio of 30.89 and a beta of 0.45. The business’s 50-day simple moving average is $8.70 and its 200 day simple moving average is $8.40.

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