Tele2 (OTCMKTS:TLTZY – Get 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:TLTZY – Get 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
Get Our Latest Research Report on TLTZY
Tele2 Company Profile
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.
Featured Stories
- Five stocks we like better than Tele2
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
Receive News & Ratings for Tele2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tele2 and related companies with MarketBeat.com's FREE daily email newsletter.
