Tele2 (OTCMKTS:TLTZY) Short Interest Update

Tele2 (OTCMKTS:TLTZY) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 80,604 shares, a growth of 85.8% from the June 15th total of 43,392 shares. Based on an average daily trading volume, of 345,302 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Tele2 Trading Down 5.2%

OTCMKTS TLTZY opened at $8.26 on Friday. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 10.59 and a beta of 0.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.03. Tele2 has a one year low of $7.39 and a one year high of $11.61. The company’s 50 day moving average price is $9.25 and its 200 day moving average price is $9.67.

Tele2 (OTCMKTS:TLTZY) last released its quarterly earnings data on Thursday, July 16th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Tele2 had a return on equity of 44.93% and a net margin of 34.19%.The business had revenue of $766.77 million for the quarter, compared to analysts’ expectations of $750.18 million. On average, sell-side analysts predict that Tele2 will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TLTZY shares. Citigroup downgraded Tele2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Zacks Research cut Tele2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Kepler Capital Markets raised Tele2 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Tele2 presently has a consensus rating of “Moderate Buy”.

About Tele2

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.