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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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.
Telenor
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13:50 10.01.2025
13:49 10.01.2025
10:20 10.01.2025
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