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Tele2 (TLTZY) Stock Jumps 7.3%: Will It Continue to Soar?
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Tele2 (TLTZY - Free Report) shares soared 7.3% in the last trading session to close at $5.95. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.9% gain over the past four weeks.
TLTZY is focusing on hardware bundling with 5G, expanding its broadband footprint and introducing new portfolios as growth drivers. At the same time, the company is stressing on improving customer loyalty, enhancing cross-selling opportunities and driving FMC (Fixed Mobile Convergence) penetration.
With improvements in fixed services following copper decommissioning, TLTZY is simplifying processes, improving profitability in less profitable business areas and enhancing cost discipline. Such holistic growth focus has perhaps driven the stock prices higher.
This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $675.72 million, down 1.8% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Tele2, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TLTZY going forward to see if this recent jump can turn into more strength down the road.
Tele2 is a member of the Zacks Wireline Non-US industry. One other stock in the same industry, Telecom Argentina (TEO - Free Report) , finished the last trading session 2.6% lower at $11.78. TEO has returned -1.2% over the past month.
For Telecom Argentina, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.47. This represents a change of +78.2% from what the company reported a year ago. Telecom Argentina currently has a Zacks Rank of #3 (Hold).
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Tele2 (TLTZY) Stock Jumps 7.3%: Will It Continue to Soar?
Tele2 (TLTZY - Free Report) shares soared 7.3% in the last trading session to close at $5.95. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.9% gain over the past four weeks.
TLTZY is focusing on hardware bundling with 5G, expanding its broadband footprint and introducing new portfolios as growth drivers. At the same time, the company is stressing on improving customer loyalty, enhancing cross-selling opportunities and driving FMC (Fixed Mobile Convergence) penetration.
With improvements in fixed services following copper decommissioning, TLTZY is simplifying processes, improving profitability in less profitable business areas and enhancing cost discipline. Such holistic growth focus has perhaps driven the stock prices higher.
This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $675.72 million, down 1.8% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Tele2, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TLTZY going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Tele2 is a member of the Zacks Wireline Non-US industry. One other stock in the same industry, Telecom Argentina (TEO - Free Report) , finished the last trading session 2.6% lower at $11.78. TEO has returned -1.2% over the past month.
For Telecom Argentina, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.47. This represents a change of +78.2% from what the company reported a year ago. Telecom Argentina currently has a Zacks Rank of #3 (Hold).