Tele2 (OTCMKTS:TLTZY) Shares Gap Up – Should You Buy?

Tele2 (OTCMKTS:TLTZY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $10.19, but opened at $11.05. Tele2 shares last traded at $10.51, with a volume of 1,785 shares traded.

Analyst Upgrades and Downgrades

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

Tele2 Stock Up 3.1%

The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The firm’s 50 day moving average price is $9.53 and its two-hundred day moving average price is $8.67. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 30.91 and a beta of 0.44.

Tele2 (OTCMKTS:TLTZY) last issued its earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Tele2 had a net margin of 15.40% and a return on equity of 21.68%. The firm had revenue of $854.77 million during the quarter, compared to analyst estimates of $866.14 million. Sell-side analysts anticipate that Tele2 will post 0.28 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.