Tele2 AB (publ) (OTCMKTS:TLTZY) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Tele2 AB (publ) (OTCMKTS:TLTZY) passed below its 50 day moving average during trading on Friday . The stock has a 50 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 changing hands.

Analyst Upgrades and Downgrades

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

Tele2 AB (publ) Stock Performance

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 company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 18.46 and a beta of 0.59. The stock has a fifty day moving average price of $5.00 and a two-hundred day moving average price of $5.18.

Tele2 AB (publ) (OTCMKTS:TLTZY) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.08 earnings per share (EPS) for the quarter. The business 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 17.26%. As a group, analysts forecast that Tele2 AB will post 0.26 EPS for the current fiscal 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.