Tele2 AB (publ) (OTCMKTS:TLTZY) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Tele2 AB (publ) (OTCMKTS:TLTZY)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.00 and traded as low as $4.93. Tele2 AB (publ) shares last traded at $4.98, with a volume of 1,168 shares traded.

Analysts Set New Price Targets

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

Tele2 AB (publ) Stock 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 market capitalization of $6.81 billion, a PE ratio of 18.46 and a beta of 0.59. The firm’s fifty day moving average is $5.00 and its 200-day moving average is $5.18.

Tele2 AB (publ) (OTCMKTS:TLTZY) last released its quarterly earnings results 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, research analysts anticipate that Tele2 AB will post 0.26 earnings per share 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.