Tele2 (OTCMKTS:TLTZY) Short Interest Update

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on TLTZY. Citigroup cut shares of Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Tele2 Trading Down 2.2%

TLTZY stock opened at $9.55 on Friday. The business has a fifty day simple moving average of $10.33 and a 200-day simple moving average of $9.26. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 12.24 and a beta of 0.42. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 0.90. Tele2 has a 52 week low of $6.88 and a 52 week high of $11.61.

Tele2 (OTCMKTS:TLTZY) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.40. The business had revenue of $764.89 million for the quarter, compared to analyst estimates of $775.46 million. Tele2 had a return on equity of 49.95% and a net margin of 34.19%. On average, equities research analysts expect that Tele2 will post 0.44 EPS 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.