Tele2 AB (publ) (OTCMKTS:TLTZY) Reaches New 52-Week High – Here’s Why

Tele2 AB (publ) (OTCMKTS:TLTZY) reached a new 52-week high during trading on Friday . The stock traded as high as $6.62 and last traded at $6.62, with a volume of 380 shares traded. The stock had previously closed at $6.28.

Tele2 AB (publ) Price Performance

The firm has a 50 day moving average price of $5.62 and a 200 day moving average price of $5.38. The company has a quick ratio of 0.47, a current ratio of 0.54 and a debt-to-equity ratio of 0.98. The stock has a market cap of $9.06 billion, a P/E ratio of 25.46 and a beta of 0.59.

Tele2 AB (publ) (OTCMKTS:TLTZY) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Tele2 AB (publ) had a return on equity of 17.50% and a net margin of 13.05%. On average, analysts forecast that Tele2 AB will post 0.28 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.