Tele2 AB (publ) (OTCMKTS:TLTZY) Stock Price Up 6.3% – What’s Next?

Tele2 AB (publ) (OTCMKTS:TLTZY)’s stock price was up 6.3% during mid-day trading on Friday . The stock traded as high as $5.40 and last traded at $5.40. Approximately 200 shares were traded during trading, a decline of 90% from the average daily volume of 1,927 shares. The stock had previously closed at $5.08.

Analyst Ratings Changes

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

Tele2 AB (publ) Price Performance

The company has a debt-to-equity ratio of 1.13, a current ratio of 0.52 and a quick ratio of 0.46. The firm has a 50-day moving average of $5.47 and a 200-day moving average of $5.12. The stock has a market cap of $7.38 billion, a PE ratio of 20.77 and a beta of 0.58.

Tele2 AB (publ) (OTCMKTS:TLTZY) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.08 EPS for the quarter. Tele2 AB (publ) had a return on equity of 17.09% and a net margin of 12.97%. The company had revenue of $709.41 million during the quarter. Research analysts predict that Tele2 AB will post 0.27 EPS for the current year.

Tele2 AB (publ) Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, November 4th. Investors of record on Tuesday, October 15th were paid a dividend of $0.111 per share. The ex-dividend date was Tuesday, October 15th. Tele2 AB (publ)’s payout ratio is presently 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.