Tele2 B stock reacts to BNP Paribas downgrade and new SEK 180 target
Published on 09/10/2026 at 20:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Tele2 B stock (ISIN SE0005190238) traded at around 172.10 SEK on Nasdaq Stockholm as of September 10, 2026, with the shares showing a modest daily gain and double-digit year-to-date performance. As of the previous close on September 9, 2026, the stock was at 171.40 SEK, leaving a modest upside toward a new analyst price target that has just been set.
BNP Paribas cuts Tele2 to Neutral with SEK 180 target
According to MarketScreener on September 10, 2026, BNP Paribas has downgraded Tele2 from Outperform to Neutral and set a new price target of 180.00 SEK for the shares.
As MarketScreener reports, the downgrade and target adjustment were recorded at 06:11 on September 10, 2026, with the stock having closed the previous trading day on Nasdaq Stockholm at 171.40 SEK on September 9, 2026.
In addition, Zonebourse highlights that the new BNP Paribas target of 180.00 SEK sits slightly above the current average target of roughly 175.62 SEK cited in its analyst overview, indicating that the house still sees some upside but no longer expects Tele2 to outperform its peers.
Stock levels, performance and valuation context
Per Zonebourse on September 10, 2026, a real-time estimate from Cboe Europe shows Tele2 B at 172.12 SEK, up 0.42% on a five-day basis and 11.39% since the start of 2026.
The same overview from Zonebourse notes that the last closing price on Nasdaq Stockholm was 171.40 SEK on September 9, 2026, compared with an average analyst target of 175.62 SEK, implying a potential upside of around 2% to 3% relative to that average.
For investors, this means the shares are trading just below both the new BNP Paribas target of 180.00 SEK and the average target level, while being supported by an 11% plus year-to-date gain as of early September 2026, according to the figures summarized by Zonebourse.
Sector backdrop and risk considerations
Tele2 operates in the European telecommunications sector, where defensive cash flows and dividend support have attracted investor interest in 2026. As Finanzen.net reported on September 10, 2026, Goldman Sachs sees European telecom names, including Tele2, as part of a group of relatively defensive recommendations in the sector.
However, the BNP Paribas downgrade to Neutral underscores that at current price levels, Tele2 B may offer less upside than before, with the new 180.00 SEK target lying only modestly above the 171.40 SEK close on September 9, 2026 and the roughly 175.62 SEK average target, as summarized by Zonebourse.
Closing price snapshot for Tele2 B stock
On its primary listing on Nasdaq Stockholm, Tele2 B stock most recently closed at 171.40 SEK on September 9, 2026, according to data cited by MarketScreener and Zonebourse from the Stockholm exchange. As of a real-time estimate on September 10, 2026, the shares were indicated around 172.10 SEK, reflecting a modest intraday gain and leaving a limited but visible upside to the new BNP Paribas price target of 180.00 SEK.
Tele2 B stock - key data
- Company: Tele2 AB (publ)
- ISIN: SE0005190238
- Ticker: TEL2 B
- Trading venue: Nasdaq Stockholm
- Price (as of September 10, 2026, 15:19): 172.10 SEK
- Market capitalization: 172,000,000,000 SEK (as of September 10, 2026)
- Sector / Industry: Telecommunications services
- Index membership: OMXS30
