Tele2 B stock: Kepler cuts target for Tele2 B stock to SEK 183.00
Published on 10/21/2026 at 17:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and quarterly cash flow
- Kepler Cheuvreux cut its Tele2 target from SEK 195.00 to SEK 183.00 on October 21, 2026.
- Tele2 reported Q3 2026 revenue of SEK 7.60 billion, up 2.00 percent organically.
- Tele2 B stock costs EUR 14.27 at Lang & Schwarz on October 21, 2026 at 5:16 p.m. CEST.
Kepler Cheuvreux lowered its target for Tele2 B from SEK 195.00 to SEK 183.00 on October 21, 2026, while keeping a buy recommendation, as MarketScreener reported. The target is 15.38 percent above the SEK 158.60 Tele2 B price quoted on Nasdaq Stockholm at 5:24 p.m. CEST. Tele2 B was trading at EUR 14.27 at Lang & Schwarz on October 21, 2026 at 5:16 p.m. CEST.
Quarterly growth stays measurable
Tele2's third-quarter 2026 report showed total revenue of SEK 7.60 billion, up 2.00 percent organically from the third quarter of 2025. End-user service revenue reached SEK 5.70 billion, also up 2.00 percent organically, according to Nasdaq Stockholm.
What does the target imply?
Underlying EBITDAaL reached SEK 3.10 billion in the quarter and increased 3.00 percent organically. Equity free cash flow was SEK 2.30 billion, compared with SEK 1.80 billion in the year-earlier quarter. The company narrowed its full-year 2026 underlying EBITDAaL growth guidance to 4.00 to 5.00 percent and reduced its capex-to-sales guidance to below 10.00 percent.
Valuation and trading frame
Tele2 B had a market capitalization of SEK 108.9 billion on October 21, 2026. Its trailing P/E ratio was 10.93, while the dividend yield was 7.00 percent. The 52-week range was SEK 143.05 to SEK 198.30, placing the latest Nasdaq Stockholm price above the low and below the high. Trading volume stood at 1,200,166 shares at 5:24 p.m. CEST.
Cash flow sets the contrast
The third-quarter comparison is favorable for cash generation: equity free cash flow rose from SEK 1.80 billion to SEK 2.30 billion, a 27.78 percent increase. Net profit reached SEK 1.40 billion versus SEK 1.30 billion in the third quarter of 2025, while earnings per share increased to SEK 2.03 from SEK 1.86. The analyst target remains above the latest Stockholm quotation, but the cut from SEK 195.00 signals a more cautious valuation frame.
Stock price and investor view
Tele2 combines 2.00 percent organic third-quarter revenue growth with 3.00 percent organic underlying EBITDAaL growth and stronger quarterly cash generation. The latest analyst action puts valuation and the narrowed 2026 outlook alongside the operational figures.
The further course of trading is shown by the continuously updated real-time quote of Tele2 B stock.
Tele2 B at a glance
- Company: Tele2 AB (publ)
- ISIN: SE0005190238
- Ticker: TEL2 B
- Primary exchange: Nasdaq Stockholm
- Price Lang & Schwarz (as of October 21, 2026, 5:16 p.m. CEST): EUR 14.27
- Market capitalization: SEK 108.9 billion (as of October 21, 2026)
- 52-week range: SEK 143.05-198.30 (as of October 21, 2026)
- Sector / Industry: Communication Services / Telecommunications Services
Market context: Market report OMXS30.
