Tele2 AB (publ) (OTCMKTS:TLTZY) Trading 1.4% Higher – Here’s Why

Tele2 AB (publ) (OTCMKTS:TLTZY) shares rose 1.4% during trading on Friday . The stock traded as high as $4.97 and last traded at $4.95. Approximately 605 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 1,811 shares. The stock had previously closed at $4.88.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of Tele2 AB (publ) to a “strong-buy” rating in a report on Tuesday, September 24th.

Tele2 AB (publ) Price Performance

The company has a current ratio of 0.58, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07. The stock has a fifty day simple moving average of $5.07 and a 200-day simple moving average of $5.19. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 19.04 and a beta of 0.58.

Tele2 AB (publ) (OTCMKTS:TLTZY) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $709.41 million for the quarter. Tele2 AB (publ) had a net margin of 12.97% and a return on equity of 17.26%. As a group, equities research analysts expect that Tele2 AB will post 0.26 EPS for the current year.

About Tele2 AB (publ)

Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services.