Update shared on05 Sep 2025
Analysts have turned more optimistic on Tele2 due to enhanced shareholder return catalysts and improved confidence in capital allocation, leading to upward price target revisions, with the consensus Analyst Price Target remaining effectively unchanged at SEK152.14.
Analyst Commentary
- Bullish analysts highlight enhanced shareholder return catalysts as a key reason for an upgraded outlook.
- Tele2 is viewed as a top pick within the Nordic telecom sector, supporting a more positive sentiment on the stock.
- Recent upgrades reflect growing confidence in Tele2's capital allocation and ability to deliver value to shareholders.
- Upward price target revisions indicate improved expectations for the company's operational and financial performance.
- Some analysts with a neutral stance continue to raise price targets modestly, suggesting a cautiously optimistic outlook despite maintaining Hold ratings.
What's in the News
- Tele2 will carve out its Baltic telecom infrastructure assets and form a 50/50 tower company joint venture with Global Communications Infrastructure (GCI), valued at EUR 560 million and expected to deliver EUR 440 million in cash proceeds to Tele2.
- The new Baltic tower company, based in Lithuania, will own approximately 2,700 tower and rooftop sites across Estonia, Latvia, and Lithuania, with Tele2 as the anchor tenant under a 20-year Master Service Agreement.
- Tele2 and GCI have committed to a 10-year investment plan for further tower rollout to support network expansion and 5G coverage across the Baltics.
- The transaction is anticipated to negatively impact Tele2’s underlying EBITDAaL by about EUR 35 million in 2026 and is expected to close in early 2026, subject to regulatory approvals.
- Tele2 AB has been added to the OMX Nordic 40 Index.
Valuation Changes
Summary of Valuation Changes for Tele2
- The Consensus Analyst Price Target remained effectively unchanged, at SEK152.14.
- The Future P/E for Tele2 remained effectively unchanged, moving only marginally from 21.94x to 21.97x.
- The Consensus Revenue Growth forecasts for Tele2 remained effectively unchanged, at 2.0% per annum.
Disclaimer
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