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

Tele2 AB (publ) (OTCMKTS:TLTZY) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $6.95 and last traded at $6.95, with a volume of 1033 shares trading hands. The stock had previously closed at $6.45.

Tele2 AB (publ) Stock Performance

The stock’s 50 day moving average is $5.96 and its two-hundred day moving average is $5.45. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 24.89 and a beta of 0.49. The company has a current ratio of 0.54, a quick ratio of 0.47 and a debt-to-equity ratio of 0.98.

Tele2 AB (publ) (OTCMKTS:TLTZY) last announced its earnings results on Wednesday, January 29th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Tele2 AB (publ) had a net margin of 13.05% and a return on equity of 17.50%. Analysts expect that Tele2 AB will post 0.28 earnings per share for the current fiscal year.

About Tele2 AB (publ)

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.