Telecom-Strength Seen in Tele2 (TLTZY): Can Its 7.8% Jump Turn into More Strength?

Company Overview - Tele2 (TLTZY) shares increased by 7.8% to close at $6.95, with notable trading volume exceeding typical levels [1] - The stock has gained 9.9% over the past four weeks [1] Strategic Moves - Industry rumors suggest that Tele2 is considering selling its wireless towers in the Baltics, specifically in Estonia, Latvia, and Lithuania [2] - The proposed sale is expected to generate approximately$ 542 million, which could strengthen Tele2's core business operations [2] Financial Performance Expectations - Tele2 is projected to report quarterly earnings of $0.07 per share, reflecting a year-over-year increase of 16.7% [3] - Expected revenues for the upcoming quarter are$ 721.73 million, representing a 4.9% increase from the same quarter last year [3] - The consensus EPS estimate for Tele2 has remained unchanged over the last 30 days, indicating a lack of earnings estimate revisions [4] Market Position - Tele2 holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [4] - In comparison, Telecom Argentina (TEO), another company in the same industry, experienced a 1.6% decline in its stock price, closing at $10.42, and has returned -9.3% over the past month [4]