Tele2 (TLTZY) to Release Quarterly Earnings on Tuesday

Tele2 (OTCMKTS:TLTZY) is expected to issue its results before the market opens on Tuesday, October 28th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.

Tele2 Trading Down 3.1%

TLTZY stock opened at $8.13 on Tuesday. The company’s 50-day simple moving average is $8.56 and its 200-day simple moving average is $7.74. The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 1.09. Tele2 has a 52-week low of $4.62 and a 52-week high of $9.34. The firm has a market cap of $11.13 billion, a P/E ratio of 28.03 and a beta of 0.52.

Tele2 Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 30th. Investors of record on Monday, October 13th will be given a dividend of $0.1013 per share. This is a boost from Tele2’s previous dividend of $0.10. The ex-dividend date is Friday, October 10th. This represents a dividend yield of 238.0%. Tele2’s payout ratio is currently 58.62%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. BNP Paribas upgraded shares of Tele2 from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. Kepler Capital Markets upgraded shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 18th. Pareto Securities upgraded shares of Tele2 to a “strong-buy” rating in a research report on Friday, July 18th. Finally, UBS Group upgraded shares of Tele2 from a “sell” rating to a “buy” rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Strong Buy”.

About Tele2

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.