{
}
Barclays has increased its target price for Tele2 AB to SEK 145 from SEK 135, maintaining an Overweight rating. Tele2, a major European telecommunications operator, generates 72.6% of its net sales from end-user services, with significant revenue coming from Sweden (76.6%), Lithuania (13.3%), Latvia (6.8%), and Estonia (3.3%).
Tele2 AB's stock fell 2.8% following a downgrade to "sell" by UBS, which cited weak momentum and concerns over earnings from free cash flow. The brokerage lowered its price target to SEK 102, predicting challenges due to declining service revenue, mobile pricing pressures, and increased cash taxes. Despite potential long-term upside from regulatory changes, UBS warns that Tele2 may struggle to meet dividend commitments amid rising competition in the Nordic telecom sector.
Tele2 AB's stock fell 2.8% following a downgrade to "sell" by UBS, which cited weak momentum and concerns over earnings from free cash flow. The brokerage lowered its price target to SEK 102, predicting challenges due to declining service revenue in Sweden, increased cash taxes, and ongoing capital expenditures. While there may be long-term upside from regulatory changes, UBS warns that Tele2 is unlikely to meet dividend commitments without significant pressure on cash flow.
UBS has downgraded Tele2 from neutral to sell, reducing its target price to SEK 102 due to concerns over the company's declining momentum and dividend coverage compared to competitors like Telenor and Telia. The bank forecasts Tele2's free cash flow for 2025 and 2026 to be 7% and 10% below consensus, citing the shutdown of legacy TV services and tax uncertainties as contributing factors. Despite these challenges, UBS notes potential long-term benefits, including focused market exposure and an attractive dividend policy, while favoring Telenor in the Nordic telecom sector.
Tele2 AB
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Barclays increases Tele2 target price to 145 SEK maintaining Overweight rating
06:24 30.01.2025
ubs downgrades tele2 to sell amid weak momentum and cash flow concerns
13:50 10.01.2025
ubs downgrades tele2 to sell amid weak momentum and cash flow concerns
13:49 10.01.2025
ubs downgrades tele2 to sell cites concerns over momentum and dividends
10:20 10.01.2025
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
AI Innovations
Supply Chain Management
Stock Market Updates
Funding Rounds & Investments
Banking Regulations
Global Trade Developments
Global Financial Events
CEO Changes
Government Policies
Retail and Consumer Goods
Economic Sanctions
Government Economic Policies
Industry Mergers & Acquisitions
Product Launches
Fintech Startups
Financial Scams and Security
Decentralized Finance (DeFi) Innovations
Countries:
Companies:
NVIDIA Corporation
Tesla, Inc.
Google Inc.
Apple Inc.
TENCENT
Microsoft Corporation
Amazon.com, Inc.
Tally Solutions Ltd.
Vanguard S&P 500 ETF
Banco Santander, S.A.
BNP Paribas SA
UniCredit S.p.A.
Raiffeisen Bank International AG
VeriSign, Inc.
Berkshire Hathaway Inc.
SpaceXCoin USD
Bellevue Group AG
SMIC
Alphabet Inc.
Vvdn Technologies Ltd.
Currencies:
United States Dollar
Indian Rupee
Euro
Swiss Franc
Chinese Yuan
United Arab Emirates Dirham
British Pound Sterling
Saudi Riyal
Qatari Riyal
Singapore Dollar
Kuwaiti Dinar
Japanese Yen
People: