Tele2 (OTCMKTS:TLTZY) Sees Unusually-High Trading Volume – Here’s What Happened

Tele2 (OTCMKTS:TLTZY) saw an uptick in trading volume on Wednesday . 14,596 shares were traded during trading, an increase of 1,018% from the previous session’s volume of 1,305 shares.The stock last traded at $9.21 and had previously closed at $9.1075.

Analyst Ratings Changes

TLTZY has been the subject of several research reports. BNP Paribas Exane upgraded shares of Tele2 from a “hold” rating to an “outperform” rating in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a research note on Tuesday. Finally, New Street Research raised shares of Tele2 to a “buy” rating in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Tele2 Trading Up 1.1%

The stock has a market capitalization of $12.61 billion, a PE ratio of 29.71 and a beta of 0.44. The business’s 50-day moving average is $8.15 and its two-hundred day moving average is $8.20. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.63 and a current ratio of 0.68.

Tele2 (OTCMKTS:TLTZY) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Tele2 had a return on equity of 20.33% and a net margin of 14.75%. As a group, equities research analysts anticipate that Tele2 will post 0.28 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.