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

Tele2 AB (publ) (OTCMKTS:TLTZY)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $6.62 and last traded at $6.62, with a volume of 380 shares changing hands. The stock had previously closed at $6.28.

Tele2 AB (publ) Stock Performance

The business has a fifty 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 capitalization 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 earnings results on Wednesday, January 29th. The company reported $0.06 earnings per share 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%. On average, sell-side analysts expect that Tele2 AB will post 0.28 EPS for the current 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.