Tele2 (OTCMKTS:TLTZY) Short Interest Update

Tele2 (OTCMKTS:TLTZY) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 74,326 shares, an increase of 237.7% from the April 30th total of 22,012 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 149,546 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TLTZY. Zacks Research raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Citigroup lowered Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Tele2 currently has an average rating of “Buy”.

Tele2 Price Performance

TLTZY stock opened at $9.39 on Friday. The stock has a market capitalization of $12.87 billion, a PE ratio of 12.04 and a beta of 0.42. Tele2 has a 52 week low of $6.88 and a 52 week high of $11.61. The company has a quick ratio of 0.53, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $10.19 and a 200 day moving average of $9.39.

Tele2 (OTCMKTS:TLTZY) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.40. Tele2 had a net margin of 34.19% and a return on equity of 44.93%. The business had revenue of $764.89 million for the quarter, compared to analyst estimates of $775.46 million. Sell-side analysts forecast that Tele2 will post 0.83 earnings per share for the current 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.