Tele2 (OTCMKTS:TLTZY) Short Interest Update

Tele2 (OTCMKTS:TLTZY) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 43,392 shares, a drop of 51.0% from the May 31st total of 88,591 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 211,354 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Several brokerages recently commented on TLTZY. Zacks Research upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Finally, Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Tele2 presently has a consensus rating of “Buy”.

Tele2 Price Performance

TLTZY stock opened at $8.67 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 0.97. The business has a 50 day simple moving average of $9.63 and a 200-day simple moving average of $9.63. The firm has a market capitalization of $11.88 billion, a PE ratio of 11.12 and a beta of 0.39. Tele2 has a 1 year low of $6.88 and a 1 year high of $11.61.

Tele2 (OTCMKTS:TLTZY) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.10 by $0.40. Tele2 had a return on equity of 44.93% and a net margin of 34.19%.The firm had revenue of $764.89 million during the quarter, compared to analysts’ expectations of $775.46 million. Equities research analysts anticipate that Tele2 will post 0.83 earnings per share for the current fiscal 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.