Tele2 AB (publ) (OTCMKTS:TLTZY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.47 and traded as high as $5.75. Tele2 AB (publ) shares last traded at $5.75, with a volume of 127 shares traded.
Wall Street Analysts Forecast Growth
Separately, Citigroup upgraded shares of Tele2 AB (publ) to a "strong-buy" rating in a research note on Tuesday, September 24th.
Read Our Latest Stock Analysis on TLTZY
Tele2 AB (publ) Stock Performance
The firm has a market cap of $7.72 billion, a P/E ratio of 23.01 and a beta of 0.58. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.46 and a current ratio of 0.52. The firm has a fifty day moving average of $5.47 and a 200-day moving average of $5.01.
Tele2 AB (publ) (OTCMKTS:TLTZY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 17th. The company reported $0.06 earnings per share (EPS) for the quarter. Tele2 AB (publ) had a net margin of 12.85% and a return on equity of 16.82%. The company had revenue of $678.91 million during the quarter. Equities research analysts forecast that Tele2 AB will post 0.27 earnings per share for the current year.
Tele2 AB (publ) Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Monday, November 4th. Investors of record on Tuesday, October 15th will be issued a $0.111 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. Tele2 AB (publ)'s payout ratio is currently 68.00%.
About Tele2 AB (publ)
(
Get Free Report)
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.
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