Barclays upgrades Telia Company stock to Overweight with SEK 48 target

Published on 10/21/2026 at 10:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 4.60 percent to SEK 20.71 billion. Telia Company stock costs EUR 4.11 on October 21, 2026, below its Xetra close.

Cost savings and earnings calendar

Telia Company targeted 900 position reductions and SEK 1 billion in annual gross savings on October 12, 2026.
Second-quarter revenue reached SEK 20.71 billion, up 4.60 percent year over year.
Telia Company stock trades at EUR 4.11 at 10:16 a.m. CEST at Lang & Schwarz on October 21, 2026, 1.20 percent below the Xetra close of October 20, 2026.
Barclays raised its rating to Overweight and set a SEK 48 target after SEK 51 on October 20, 2026.

Telia Company, SE0000667925, Illustration mit AI erstellt.

Telia Company (ISIN SE0000667925) was trading at EUR 4.11 at Lang & Schwarz on October 21, 2026, while Barclays upgraded the stock to Overweight and set a SEK 48 target after SEK 51 on October 20, 2026. The rating change came as Telia prepared to publish third-quarter results.

Barclays changes its view

According to MarketScreener, Barclays moved Telia from Equal Weight to Overweight and cut its price target from SEK 51 to SEK 48 on October 20, 2026. The lower target contrasts with the more positive rating, leaving the recommendation change as the clearest analyst signal before the report.

Telia's second-quarter revenue was SEK 20.71 billion, up 4.60 percent from the second quarter of 2025. Net income reached SEK 2.23 billion, while earnings per share rose to SEK 0.57 from SEK 0.50, according to Simply Wall St.

What will the cost plan mean?

Telia announced on October 12, 2026, that it intended to reduce 900 positions and target SEK 1 billion in annual gross savings. The plan also included the transfer of 220 positions from the common Technology unit to country organizations, with full run-rate cash flow benefits expected from 2028, according to Cision.

Three dates frame the stock

On October 12, 2026, Telia announced 900 planned position reductions and SEK 1 billion in targeted annual savings. On October 15, 2026, company consensus pointed to third-quarter revenue of SEK 20.725 billion and adjusted EBITDA of SEK 8.792 billion. On October 20, 2026, Barclays upgraded its rating to Overweight and set a SEK 48 target after SEK 51, as reported by MarketScreener.

Results arrive October 22

Telia is scheduled to publish its third-quarter 2026 results on October 22, 2026, at 7:00 a.m. CEST. The presentation and conference call are scheduled for 9:00 a.m. CEST, according to Nasdaq Stockholm.

Stock trades below the Xetra close

At Lang & Schwarz, Telia Company stock was trading at EUR 4.11 on October 21, 2026, at 10:16 a.m. CEST, down EUR 0.05 or 1.20 percent versus the Xetra close of October 20, 2026 at EUR 4.16. The negative session move leaves the analyst upgrade and the next day's results as the immediate reference points for investors.

The further course of trading is shown by the continuously updated real-time quote of Telia Company stock.