Tele2 (OTCMKTS:TLTZY) Sees Unusually-High Trading Volume – Should You Buy?

Tele2 (OTCMKTS:TLTZY) saw strong trading volume on Tuesday . Approximately 159,960 shares were traded during mid-day trading, an increase of 105% from the previous session’s volume of 78,059 shares.The stock last traded at $8.9320 and had previously closed at $8.84.

Analysts Set New Price Targets

TLTZY has been the subject of several recent analyst reports. Citigroup cut Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Zacks Research lowered shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Tele2 Stock Down 0.6%

The company has a debt-to-equity ratio of 0.94, a current ratio of 0.70 and a quick ratio of 0.64. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 11.46 and a beta of 0.39. The firm’s 50 day simple moving average is $8.61 and its 200-day simple moving average is $9.64.

Tele2 (OTCMKTS:TLTZY) last posted its earnings results on Thursday, July 16th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Tele2 had a return on equity of 43.42% and a net margin of 33.96%.The firm had revenue of $766.77 million for the quarter, compared to analyst estimates of $750.18 million. As a group, sell-side analysts anticipate that Tele2 will post 0.78 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.