Tele2 B, SE0005190238

Berenberg cuts target for Tele2 B stock to SEK 140

Published on 10/14/2026 at 11:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg cut its target from SEK 146 to SEK 140 on October 1, 2026. Tele2 B stock costs EUR 13.66 on October 14, 2026 ahead of October 20 results.

Targets and operating growth

Berenberg cut its Tele2 target from SEK 146 to SEK 140 on October 1, 2026.
Second-quarter end-user service revenue grew 2 percent and underlying EBITDA increased 4 percent.
Tele2 B stock traded at EUR 13.66 at 11:38 a.m. CEST at Lang & Schwarz on October 14, 2026.

Makrofoto einer Glasfaserkabelspitze mit farbigem Lichtstrahl — Makroaufnahme einer Glasfaserkabel-Spitze mit Lichtreflexen illustriert Technik von Tele2 AB, ISIN SE0005190238, im Telekomsektor, Illustration mit AI erstellt.

Tele2 B stock (ISIN SE0005190238) was trading at EUR 13.66 at Lang & Schwarz at 11:38 a.m. CEST on October 14, 2026. The latest analyst action came on October 1, 2026, when Berenberg cut its target from SEK 146 to SEK 140 and lowered its rating from Hold to Sell, as Placera reported. The target change puts the focus on execution ahead of Tele2's third-quarter report.

Three dated Tele2 developments

On July 16, 2026, Tele2 reported second-quarter end-user service revenue growth of 2 percent and underlying EBITDA growth of 4 percent. The company also generated SEK 1.5 billion in equity free cash flow during the quarter, according to Yahoo Finance.

On October 1, 2026, Berenberg reduced the Tele2 target from SEK 146 to SEK 140 while changing its rating from Hold to Sell, according to Placera. On October 20, 2026, Tele2 is scheduled to publish its third-quarter report at 7:00 a.m. CEST, according to the company's investor page.

What can the next report change?

The upcoming report will test whether the operating progress described in the second quarter has continued into the second half. A market estimate cited by Finanzen points to third-quarter revenue of SEK 7.55 billion, compared with SEK 7.44 billion in the year-earlier quarter, an implied increase of 1.52 percent. That estimate gives investors a concrete benchmark for the October release.

Tele2's second-quarter call also described a mixed operating picture. Baltic end-user service revenue grew 6 percent and underlying EBITDA rose 10 percent, while fixed broadband end-user service revenue declined 2 percent in Sweden, according to Yahoo Finance. The contrast explains why the next report matters for both growth and margin expectations.

Tele2 B stock before October 20

On Nasdaq Stockholm, Tele2 B was last at SEK 152.30 at 11:41 a.m. CEST on October 14, 2026. The stock's 52-week range was SEK 143.05 to SEK 198.30, while market capitalization stood at SEK 104.1 billion on the same date.

The stock was trading at EUR 13.66 at Lang & Schwarz on October 14, 2026 at 11:38 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Tele2 B stock.