Short Interest in Tele2 (OTCMKTS:TLTZY) Declines By 65.8%

Tele2 (OTCMKTS:TLTZY) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 22,012 shares, a drop of 65.8% from the April 15th total of 64,351 shares. Based on an average daily trading volume, of 159,335 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Tele2 Price Performance

Shares of Tele2 stock traded up $0.00 during trading hours on Thursday, hitting $9.93. The company’s stock had a trading volume of 11,135 shares, compared to its average volume of 40,285. The business has a 50 day moving average price of $10.36 and a two-hundred day moving average price of $9.24. Tele2 has a 12-month low of $6.88 and a 12-month high of $11.61. The company has a market cap of $13.60 billion, a PE ratio of 12.72 and a beta of 0.42. 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 posted its earnings results on Wednesday, April 22nd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.40. The company had revenue of $764.89 million for the quarter, compared to the consensus estimate of $775.46 million. Tele2 had a return on equity of 49.95% and a net margin of 34.19%. Analysts expect that Tele2 will post 0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Citigroup lowered Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

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.