Tele2 AB (publ) (OTCMKTS:TLTZY) Stock Crosses Below 50 Day Moving Average - Here's Why

Tele2 AB (publ) (OTCMKTS:TLTZY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.00 and traded as low as $4.93. Tele2 AB (publ) shares last traded at $4.98, with a volume of 1,168 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup raised Tele2 AB (publ) to a "strong-buy" rating in a research report on Tuesday, September 24th.

Tele2 AB (publ) Stock Up 1.6 %

The company has a quick ratio of 0.52, a current ratio of 0.58 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average price of $5.00 and a two-hundred day moving average price of $5.18. The company has a market capitalization of $6.81 billion, a P/E ratio of 19.15 and a beta of 0.59.

Tele2 AB (publ) (OTCMKTS:TLTZY - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.08 earnings per share for the quarter. The company had revenue of $709.41 million for the quarter. Tele2 AB (publ) had a return on equity of 17.26% and a net margin of 12.97%. Equities research analysts anticipate that Tele2 AB will post 0.26 EPS for the current fiscal year.

Tele2 AB (publ) Company Profile

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.