Tele2 AB (publ) (OTCMKTS:TLTZY) Trading 1.4% Higher – Still a Buy?

Tele2 AB (publ) (OTCMKTS:TLTZY) shot up 1.4% on Friday . The stock traded as high as $4.97 and last traded at $4.95. 605 shares were traded during trading, a decline of 67% from the average session volume of 1,811 shares. The stock had previously closed at $4.88.

Analysts Set New Price Targets

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

Tele2 AB (publ) Trading Up 1.4 %

The business has a 50 day simple moving average of $5.07 and a 200 day simple moving average of $5.19. 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 company has a market cap of $6.76 billion, a price-to-earnings ratio of 19.04 and a beta of 0.58.

Tele2 AB (publ) (OTCMKTS:TLTZY) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.08 EPS for the quarter. Tele2 AB (publ) had a net margin of 12.97% and a return on equity of 17.26%. The firm had revenue of $709.41 million for the quarter. As a group, equities analysts forecast 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.