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

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

Tele2 AB (publ) Stock Performance

OTCMKTS TLTZY traded down $0.09 on Friday, hitting $5.57. The stock had a trading volume of 111 shares, compared to its average volume of 2,127. The company’s 50-day moving average is $5.29 and its two-hundred day moving average is $4.86. Tele2 AB has a one year low of $3.36 and a one year high of $5.78. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 22.26 and a beta of 0.58. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 1.04.

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

Analysts Set New Price Targets

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

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.