Tele2 AB (publ) (OTCMKTS:TLTZY) Short Interest Update

Tele2 AB (publ) (OTCMKTS:TLTZY) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 200 shares, an increase of 100.0% from the October 15th total of 100 shares. Based on an average trading volume of 400 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Tele2 AB (publ) to a “strong-buy” rating in a report on Tuesday, September 24th.

Tele2 AB (publ) Price Performance

Shares of OTCMKTS TLTZY traded down $0.22 during trading hours on Thursday, reaching $4.98. 500 shares of the stock traded hands, compared to its average volume of 1,908. The company has a quick ratio of 0.46, a current ratio of 0.52 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $6.81 billion, a P/E ratio of 20.00 and a beta of 0.58. The company’s 50-day simple moving average is $5.45 and its two-hundred day simple moving average is $5.14. Tele2 AB has a 52-week low of $3.68 and a 52-week high of $5.78.

Tele2 AB (publ) (OTCMKTS:TLTZY) last released its earnings results on Tuesday, October 22nd. The company reported $0.08 earnings per share for the quarter. Tele2 AB (publ) had a net margin of 12.97% and a return on equity of 17.09%. The firm had revenue of $709.41 million for the quarter. Equities research analysts forecast that Tele2 AB will post 0.27 EPS for the current year.

Tele2 AB (publ) Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, November 4th. Shareholders of record on Tuesday, October 15th were given a $0.111 dividend. The ex-dividend date was Tuesday, October 15th. Tele2 AB (publ)’s dividend payout ratio (DPR) is 61.54%.

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.