Tele2 (OTCMKTS:TLTZY) Shares Gap Up – What’s Next?

Tele2 (OTCMKTS:TLTZY) gapped up prior to trading on Tuesday . The stock had previously closed at $7.6650, but opened at $7.87. Tele2 shares last traded at $7.87, with a volume of 561 shares trading hands.

Analyst Upgrades and Downgrades

Separately, BNP Paribas raised Tele2 from a “hold” rating to an “outperform” rating in a research note on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Tele2 Trading Up 0.5%

The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.07. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 25.03 and a beta of 0.45. The business has a 50 day simple moving average of $8.01 and a two-hundred day simple moving average of $7.95.

Tele2 (OTCMKTS:TLTZY) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Tele2 had a return on equity of 20.33% and a net margin of 14.75%.The business had revenue of $782.33 million during the quarter, compared to the consensus estimate of $789.39 million. As a group, equities analysts anticipate that Tele2 will post 0.28 EPS for the current year.

Tele2 Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, October 30th. Investors of record on Monday, October 13th were given a $0.1013 dividend. This is a positive change from Tele2’s previous dividend of $0.10. The ex-dividend date was Friday, October 10th. This represents a dividend yield of 238.0%. Tele2’s dividend payout ratio is 54.84%.

About Tele2

Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services.