Tele2 AB (publ) (OTCMKTS:TLTZY) Sees Significant Increase in Short Interest

Tele2 AB (publ) (OTCMKTS:TLTZY) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 200 shares, an increase of 100.0% from the October 15th total of 100 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

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

Tele2 AB (publ) Trading Down 4.2 %

OTCMKTS:TLTZY traded down $0.22 during trading hours on Friday, reaching $4.98. 500 shares of the company were exchanged, compared to its average volume of 249. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 19.15 and a beta of 0.58. The stock has a 50 day simple moving average of $5.44 and a 200 day simple moving average of $5.14. Tele2 AB has a 52-week low of $3.68 and a 52-week high of $5.78. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.52 and a quick ratio of 0.46.

Tele2 AB (publ) (OTCMKTS:TLTZY) last posted its 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 during the quarter. Tele2 AB (publ) had a return on equity of 17.09% and a net margin of 12.97%. As a group, analysts predict that Tele2 AB will post 0.27 EPS for the current year.

Tele2 AB (publ) Cuts Dividend

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

Tele2 AB (publ) Company Profile

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.