Tele2 (OTCMKTS:TLTZY) Short Interest Update

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on TLTZY shares. Citigroup downgraded shares of Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Zacks Research upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st. Three research 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 stock. According to MarketBeat.com, Tele2 has an average rating of “Buy”.

Tele2 Price Performance

Shares of OTCMKTS:TLTZY remained flat at $9.39 during midday trading on Friday. 80,308 shares of the stock were exchanged, compared to its average volume of 70,006. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 12.04 and a beta of 0.42. Tele2 has a 1 year low of $6.88 and a 1 year high of $11.61. The firm has a fifty day moving average price of $10.17 and a two-hundred day moving average price of $9.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.03 and a quick ratio of 0.53.

Tele2 (OTCMKTS:TLTZY) last posted its 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. The company had revenue of $764.89 million during the quarter, compared to the consensus estimate of $775.46 million. Tele2 had a net margin of 34.19% and a return on equity of 44.93%. Sell-side analysts anticipate that Tele2 will post 0.83 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.