Tele2 (OTCMKTS:TLTZY) Shares Gap Up – Time to Buy?

Tele2 (OTCMKTS:TLTZY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $10.50, but opened at $10.95. Tele2 shares last traded at $10.4825, with a volume of 2,843 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on TLTZY. New Street Research upgraded shares of Tele2 to a “buy” rating in a report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reaffirmed 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 given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Tele2 has a consensus rating of “Buy”.

Tele2 Price Performance

The firm’s 50-day moving average price is $9.22 and its two-hundred day moving average price is $8.57. The stock has a market cap of $14.86 billion, a PE ratio of 31.94 and a beta of 0.45. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90.

Tele2 (OTCMKTS:TLTZY) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The company had revenue of $854.77 million during the quarter, compared to analysts’ expectations of $866.14 million. Tele2 had a net margin of 15.40% and a return on equity of 21.68%. On average, equities analysts expect that Tele2 will post 0.28 earnings per share for the current fiscal year.

About Tele2

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.