Short Interest in Tele2 AB (publ) (OTCMKTS:TLTZY) Expands By 100.0%

Tele2 AB (publ) (OTCMKTS:TLTZY) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 200 shares, a growth of 100.0% from the October 15th total of 100 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

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

Tele2 AB (publ) Trading Down 4.2 %

OTCMKTS TLTZY traded down $0.22 during trading on Thursday, hitting $4.98. The stock had a trading volume of 500 shares, compared to its average volume of 1,908. Tele2 AB has a one year low of $3.68 and a one year high of $5.78. The stock has a 50 day simple moving average of $5.45 and a 200 day simple moving average of $5.14. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 20.00 and a beta of 0.58. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.46 and a current ratio of 0.52.

Tele2 AB (publ) (OTCMKTS:TLTZY) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.08 EPS for the quarter. The firm had revenue of $709.41 million for the quarter. Tele2 AB (publ) had a net margin of 12.97% and a return on equity of 17.09%. Sell-side analysts predict that Tele2 AB will post 0.27 earnings per share for the current year.

Tele2 AB (publ) Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, November 4th. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.111 per share. The ex-dividend date was Tuesday, October 15th. Tele2 AB (publ)’s dividend payout ratio is presently 61.54%.

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.