Tele2 (OTCMKTS:TLTZY) Reaches New 1-Year Low – Should You Sell?

Tele2 (OTCMKTS:TLTZY)’s stock price reached a new 52-week low during mid-day trading on Monday. The company traded as low as $7.37 and last traded at $7.37, with a volume of 539 shares changing hands. The stock had previously closed at $7.89.

Wall Street Analyst Weigh In

TLTZY has been the subject of a number of recent research reports. Zacks Research downgraded Tele2 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Sanford C. Bernstein lowered Tele2 to a “market perform” rating in a research report on Thursday, September 24th. BNP Paribas Exane cut Tele2 from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 9th. Finally, Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Tele2 Price Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.64 and a current ratio of 0.70. The business’s 50 day simple moving average is $8.51 and its 200-day simple moving average is $9.14. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 9.87 and a beta of 0.38.

Tele2 (OTCMKTS:TLTZY) last posted its earnings results on Thursday, July 16th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Tele2 had a return on equity of 43.42% and a net margin of 33.96%. The firm had revenue of $766.77 million during the quarter, compared to the consensus estimate of $750.18 million. Research analysts anticipate that Tele2 will post 0.78 earnings per share for the current year.

Tele2 Company Profile

Tele2 AB is a Swedish telecommunications company that provides mobile and fixed communications services to consumers, businesses and public-sector customers. Its offerings include mobile voice and data services, broadband connectivity, fixed-line communications, digital television and related communications solutions.

The company also provides internet-of-things (IoT) connectivity and other business services designed to help organizations connect devices, manage communications and support digital operations.