Tele2 AB (publ) (OTCMKTS:TLTZY) Announces $0.11 Dividend

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

Tele2 AB (publ) Price Performance

Tele2 AB (publ) stock opened at $5.46 on Monday. The firm’s fifty day moving average is $5.43 and its 200 day moving average is $4.98. Tele2 AB has a 52-week low of $3.36 and a 52-week high of $5.78. The company has a quick ratio of 0.46, a current ratio of 0.52 and a debt-to-equity ratio of 1.13. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 21.83 and a beta of 0.58.

Tele2 AB (publ) (OTCMKTS:TLTZY) last released its quarterly earnings results on Wednesday, July 17th. The company reported $0.06 EPS for the quarter. Tele2 AB (publ) had a return on equity of 16.82% and a net margin of 12.85%. The company had revenue of $678.91 million during the quarter. Sell-side analysts forecast that Tele2 AB will post 0.27 EPS for the current fiscal year.

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.

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.