Tele2 AB (publ) (OTCMKTS:TLTZY) Stock Price Up 2.6% – What’s Next?

Tele2 AB (publ) (OTCMKTS:TLTZY) traded up 2.6% on Thursday . The company traded as high as $5.08 and last traded at $5.04. 4,454 shares traded hands during mid-day trading, an increase of 139% from the average session volume of 1,861 shares. The stock had previously closed at $4.91.

Analyst Upgrades and Downgrades

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

Tele2 AB (publ) Trading Down 1.2 %

The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.58. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 19.15 and a beta of 0.58. The firm has a fifty day moving average price of $5.23 and a 200-day moving average price of $5.17.

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 firm 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 analysts anticipate that Tele2 AB will post 0.26 EPS for the current year.

Tele2 AB (publ) Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, November 4th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.111 per share. The ex-dividend date was Tuesday, October 15th. Tele2 AB (publ)’s dividend payout ratio (DPR) is currently 61.54%.

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.