Tele2 (OTCMKTS:TLTZY) Hits New 52-Week High – Here’s What Happened

Tele2 (OTCMKTS:TLTZY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $11.04 and last traded at $10.50, with a volume of 513 shares. The stock had previously closed at $10.5010.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TLTZY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research report on Tuesday, January 27th. New Street Research upgraded Tele2 to a “buy” rating in a research 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 issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

Tele2 Price Performance

The company has a 50 day moving average of $8.81 and a 200 day moving average of $8.44. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 30.55 and a beta of 0.45. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 0.90.

Tele2 (OTCMKTS:TLTZY) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $866.14 million. Tele2 had a net margin of 15.40% and a return on equity of 21.68%. As a group, equities research analysts forecast 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.