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

Tele2 (OTCMKTS:TLTZY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $11.43, but opened at $10.88. Tele2 shares last traded at $10.4090, with a volume of 5,358 shares changing hands.

Wall Street Analyst Weigh In

TLTZY has been the subject of several research reports. New Street Research raised Tele2 to a “buy” rating in a research note on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research report on Tuesday, January 27th. 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 stock. According to MarketBeat, Tele2 currently has an average rating of “Buy”.

Tele2 Stock Performance

The company has a market capitalization of $14.43 billion, a PE ratio of 31.00 and a beta of 0.45. The stock’s fifty day simple moving average is $8.88 and its 200-day simple moving average is $8.46. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 0.57.

Tele2 (OTCMKTS:TLTZY) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The firm had revenue of $854.77 million for the quarter, compared to analysts’ expectations of $866.14 million. Tele2 had a return on equity of 21.68% and a net margin of 15.40%. As a group, equities analysts predict that Tele2 will post 0.28 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.