Tele2 (OTCMKTS:TLTZY) Shares Down 8.9% – Should You Sell?

Tele2 (OTCMKTS:TLTZY) was down 8.9% during trading on Friday . The stock traded as low as $10.4162 and last traded at $10.4162. Approximately 328 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 11,387 shares. The stock had previously closed at $11.43.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. New Street Research upgraded Tele2 to a “buy” rating in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Tele2 Price Performance

The firm has a market cap of $14.87 billion, a P/E ratio of 31.96 and a beta of 0.45. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The firm has a 50-day simple moving average of $9.00 and a 200-day simple moving average of $8.50.

Tele2 (OTCMKTS:TLTZY) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Tele2 had a net margin of 15.40% and a return on equity of 21.68%. The company had revenue of $854.77 million for the quarter, compared to the consensus estimate of $866.14 million. As a group, analysts forecast 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.