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

Shares of Tele2 AB (publ) (OTCMKTS:TLTZY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-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.

Analysts Set New Price Targets

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

Tele2 AB (publ) Stock Performance

The firm has a fifty day moving average price of $5.00 and a two-hundred day moving average price of $5.18. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.58 and a quick ratio of 0.52. The stock has a market capitalization of $6.81 billion, a PE ratio of 18.46 and a beta of 0.59.

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

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.