Tele2 AB (publ) (OTCMKTS:TLTZY) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Tele2 AB (publ) (OTCMKTS:TLTZY)’s share price crossed 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.

Analysts Set New Price Targets

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 Up 1.6 %

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 firm has a market capitalization of $6.81 billion, a PE ratio of 18.46 and a beta of 0.59. The business has a 50-day moving average price of $5.00 and a 200-day moving average price of $5.18.

Tele2 AB (publ) (OTCMKTS:TLTZY) last issued 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 company had revenue of $709.41 million during the quarter. Equities research analysts forecast that Tele2 AB will post 0.26 earnings per share for the current fiscal 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.