Telenor stock falls 1.17 percent as analysts see 22.46 percent upside

Published on 10/06/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Telenor stock traded at NOK 126.40 on October 6, 2026, with 19 analysts averaging a NOK 154.79 target. Q2 revenue was NOK 18.14 billion against NOK 18.28 billion forecast.

Telenor, NO0010063308, Illustration mit AI erstellt.

Telenor ASA (ISIN NO0010063308) was trading at NOK 126.40 on Oslo Bors on October 6, 2026 at 1:20 p.m. CEST, down 1.17 percent from the prior close. The stock was NOK 1.20 above its 52-week low of NOK 125.20, putting the recent market focus on earnings delivery and the next company update.

Analysts keep a higher target

According to Investing.com on October 6, 2026, Morgan Stanley maintained a Hold rating and reduced its Telenor target to NOK 145 from NOK 155. The change places the latest bank target above the October 6 market price, while the wider analyst view remains more optimistic.

The same Investing.com overview shows a Buy consensus from 19 analysts, with 8 Buy ratings, 11 Holds and 0 Sells. The average 12-month target is NOK 154.79, which lies 22.46 percent above NOK 126.40; the published high and low targets are NOK 191 and NOK 135.

Q2 revenue came in below forecast

Telenor reported Q2 2026 revenue of NOK 18.14 billion against a forecast of NOK 18.28 billion, while EPS was NOK 1.94 versus a forecast of NOK 2.10, according to Investing.com in its results data. The revenue shortfall was NOK 0.14 billion, or 0.77 percent, against the forecast.

The next company checkpoint is already dated. Telenor's investor-relations calendar says the group will publish its Q3 2026 results on October 28, 2026, as stated on the Telenor investor-relations page.

Stock remains close to yearly low

Telenor's market capitalization was NOK 172.4 billion on October 6, 2026, with 592,103 shares traded at the time of the quote. The 52-week range was NOK 125.20 to NOK 178.70, leaving the share NOK 52.30 below its yearly high.

That combination gives the stock a clear split-screen profile: Q2 revenue and EPS were below their listed forecasts, while the average analyst target remains materially above the market price. Telenor stock was trading at NOK 126.40 on Oslo Bors at 1:20 p.m. CEST on October 6, 2026.