Tele2 (OTCMKTS:TLTZY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Tele2 (OTCMKTS:TLTZY) saw an uptick in trading volume on Wednesday . 21,171 shares were traded during trading, an increase of 651% from the previous session’s volume of 2,818 shares.The stock last traded at $9.5270 and had previously closed at $9.51.

Analyst Ratings Changes

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

Tele2 Price Performance

The firm has a 50 day moving average price of $8.31 and a two-hundred day moving average price of $8.27. The company has a market cap of $12.85 billion, a P/E ratio of 27.62 and a beta of 0.45. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.63 and a current ratio of 0.68.

Tele2 (OTCMKTS:TLTZY) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $854.77 million for the quarter, compared to analysts’ expectations of $866.14 million. Tele2 had a net margin of 15.40% and a return on equity of 22.04%. On average, analysts predict that Tele2 will post 0.28 EPS 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.