Tele2 (OTCMKTS:TLTZY) Sees Significant Decrease in Short Interest

Tele2 (OTCMKTS:TLTZYGet Free Report) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 24,110 shares, a drop of 70.1% from the June 30th total of 80,604 shares. Based on an average trading volume of 300,529 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Tele2 Trading Up 1.6%

TLTZY opened at $8.27 on Friday. The business has a fifty day simple moving average of $9.03 and a 200-day simple moving average of $9.64. Tele2 has a 52 week low of $7.39 and a 52 week high of $11.61. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. The firm has a market cap of $11.34 billion, a P/E ratio of 10.60 and a beta of 0.40.

Tele2 (OTCMKTS:TLTZYGet Free Report) last released its earnings results on Thursday, July 16th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $766.77 million during the quarter, compared to analyst estimates of $750.18 million. Tele2 had a net margin of 33.96% and a return on equity of 42.92%. On average, equities analysts expect that Tele2 will post 0.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

TLTZY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Citigroup lowered shares of Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Kepler Capital Markets raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Zacks Research downgraded shares of Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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Tele2 Company Profile

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Tele2 AB is a European telecommunications company headquartered in Kista, Sweden. Since its founding in 1993, the firm has developed into a full-service provider of voice, data and multimedia solutions for both consumer and business markets. Its core offerings include mobile telephony, fixed and mobile broadband, voice over IP, digital television services and data network solutions, alongside emerging Internet of Things (IoT) and machine-to-machine connectivity products.

Tele2 operates primarily across the Nordic and Baltic regions, with key markets in Sweden, Estonia, Latvia and Lithuania.

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