Tele2 Growth Remains Subdued as Berenberg Keeps Sell Rating
Tele2 growth stayed slow in the third quarter, with a key profit metric slightly below consensus. Berenberg kept its sell rating and 140 kronor target.
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what happened
According to Market Talk, growth at Swedish telecom operator Tele2 remained slow in the third quarter. One key profit metric came in slightly below consensus, analysts at Berenberg wrote.
The bank says the new guidance points to a decline in consensus EBITDAaL but a rise in cash flow. Tele2's CEO described the Swedish market as “highly competitive.” Despite a strong dividend and balance sheet, Berenberg views the shares as expensive and sees limited room for M&A. The sell rating and 140 Swedish kronor price target were kept, while the shares rose 1.2% to 160.65 kronor.
why it matters
For investors the signal is moderate: slower growth and limited M&A options weigh on interest in the stock, while the dividend and balance sheet provide support. The news mainly concerns Tele2 shares and the Swedish telecom sector.
tags
instruments
sources
- Tele2 Growth Stays Muted — Market Talk, 20 October 2026 at 08:53 UTC
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