Tele2 AB (publ) (OTCMKTS:TLTZY) to Issue Dividend of $0.11

Tele2 AB (publ) (OTCMKTS:TLTZY) announced a dividend on Friday, September 27th, NASDAQ reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.111 per share on Monday, November 4th. The ex-dividend date of this dividend is Tuesday, October 15th.

Tele2 AB (publ) Stock Performance

Tele2 AB (publ) stock opened at $5.57 on Friday. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 22.26 and a beta of 0.58. Tele2 AB has a 12 month low of $3.36 and a 12 month high of $5.78. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.89 and a quick ratio of 0.82. The stock’s 50-day moving average is $5.31 and its 200-day moving average is $4.87.

Tele2 AB (publ) (OTCMKTS:TLTZY) last announced its quarterly earnings results on Wednesday, July 17th. The company reported $0.06 earnings per share for the quarter. Tele2 AB (publ) had a net margin of 12.85% and a return on equity of 16.25%. The firm had revenue of $678.91 million for the quarter. Equities analysts anticipate that Tele2 AB will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.