Today, under hotstocked.com magnifying glass is another great penny stock from Northern Europe – TEO LT, AB. Publicly traded in both of the markets: Nordic Exchange with the ticker TEO1L and London Stock Exchange under the symbol TEOL.
Incorporated in 1992 TEO LT is one of the biggest telecommunication companies in Lithuania. It provides fixed-line telephony services, Internet-related and data communication services, wholesale services to other local and international telecommunication operators as well as other services.
The company was privatized in 1998 and is a consolidated subsidiary of TeliaSonera AB. TEO LT stock has been gradually climbing up from $0.61 to $0.89 over the last couple of years till the year of 2007 when the stock declined by $0.18.
The chart is illustrated in local currency – Litas. $1 equals LTL2.57 – Litas.
On one hand, comparing last year and now the stock went down by $0.17, on the other this year company’s stock hit its top high reaching a line of $1.19 per stock.
Company’s financial status looks fairly positive. As of March 31 2007 company had a total of $489,133,000 assets in their account. But this sum of money does not seem to have any meaning at all as the company will have to pay exactly the same amount of money in order to pay off their debt.
For the first quarter this year ending 31 March TEO LT produced a total of $72,000,000 in revenue, only $2,000,000 more than at the same period last year.
This company is one of the number ones in Lithuania, just their business needs to set up better management. Company is putting loads of investment improving their services and establishing new technologies, like Wi-Fi and others.
We assume this stock has a great potential for breakout. Besides, this stock is the most active among other companies in Lithuania, which supports the idea that this stock has a great quality.
You can see company's 1Q report - HERE.
References:
http://www.teo.lt/en
http://en.wikipedia.org/wiki/Teo_LT
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