Berenberg cut Tele2 target: Tele2 stock fell 2.29 percent
Published on 10/09/2026 at 11:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Berenberg cut its Tele2 target from SEK 146 to SEK 140 on October 1, 2026.
- Tele2 B was trading at EUR 14.07 at Lang & Schwarz on October 9, 2026, down 2.29 percent.
- Tele2's next scheduled events are a SEK 5.25 ex-dividend date on October 12 and third-quarter results on October 20.
Tele2 B (ISIN SE0005190238) was trading at EUR 14.07 at Lang & Schwarz on October 9, 2026 at 11:16 a.m. CEST, down 2.29 percent versus the EUR 14.40 prior close. On October 1, 2026, Placera reported that Berenberg cut Tele2's rating from Hold to Sell and reduced its target from SEK 146 to SEK 140.
Three events shape the setup
On September 15, 2026, MFN reported that Tele2 appointed Vahdat Zehtab as executive vice president and chief commercial officer, with the role beginning by June 1, 2027. On September 30, 2026, MFN reported 697,721,597 shares and 737,867,087 total votes after a share conversion. On October 1, Berenberg's SEK 140 target became the latest major analyst signal.
What does the downgrade change
Berenberg's target cut of SEK 6 equals 4.11 percent from the previous SEK 146 target. The bank linked its view to Tele2's weaker position in Nordic consolidation because the company has no operations in Denmark, while it also judged a full takeover by Iliad less likely.
Consensus estimates ahead of the third quarter put earnings per share at SEK 2.07, versus SEK 1.86 in the prior-year quarter, according to finanzen.ch. The same estimate places revenue at SEK 7.55 billion, up 1.52 percent from SEK 7.44 billion in the comparable period.
Dividend and results dates
Tele2's B share has a scheduled ex-dividend date of October 12, 2026, for a SEK 5.25 interim dividend, according to MFN. The company is scheduled to publish third-quarter 2026 results on October 20, 2026 at 7:00 a.m. CEST, according to Nasdaq Stockholm. Those dates give the dividend and operating update separate near-term reference points.
Tele2 B remains below its prior close
At Lang & Schwarz, Tele2 B was trading at EUR 14.07 on October 9, 2026 at 11:16 a.m. CEST, compared with the EUR 14.40 prior close. The primary listing is Nasdaq Stockholm, where the latest structured quote was SEK 157.50 and the 52-week range was SEK 143.05 to SEK 198.30 on October 9, 2026; market capitalization was SEK 107.7 billion.
The further course of trading is shown by the continuously updated real-time quote of Tele2 stock.
Tele2 B stock facts
- Company: Tele2 AB (publ)
- ISIN: SE0005190238
- Ticker: TEL2 B
- Primary exchange: Nasdaq Stockholm
- Price Lang & Schwarz (as of October 9, 2026, 11:16 a.m. CEST): EUR 14.07
- Change versus prior close: minus 2.29 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 14.40
- Market capitalization: SEK 107.7 billion (as of October 9, 2026)
- 52-week range: SEK 143.05-198.30 (as of October 9, 2026)
- Sector / Industry: Communication Services / Telecommunications Services
Market context: Market report OMXS30.
