Tele2 AB (publ) (OTCMKTS:TLTZY) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Tele2 AB (publ) (OTCMKTS:TLTZY) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

Wall Street Analyst Weigh In

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

Tele2 AB (publ) Stock Performance

The stock has a fifty day moving average of $5.00 and a 200-day moving average of $5.18. 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 stock has a market cap of $6.81 billion, a PE ratio of 18.46 and a beta of 0.59.

Tele2 AB (publ) (OTCMKTS:TLTZY) last released its earnings results on Tuesday, October 22nd. The company reported $0.08 earnings per share (EPS) for the quarter. Tele2 AB (publ) had a return on equity of 17.26% and a net margin of 12.97%. The business had revenue of $709.41 million for the quarter. On average, equities analysts forecast that Tele2 AB will post 0.26 EPS for the current 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.