Telia Company stock: Barclays upgrades Telia Company stock and cuts target to SEK 48.00

Published on 10/21/2026 at 15:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results arrive October 22 at 7:00 a.m. CEST. Telia Company stock costs EUR 4.16 on October 21, 2026 at 3:40 p.m. CEST.

Analyst target and reporting date

Barclays upgraded Telia to Overweight and set a SEK 48.00 target on October 20, 2026.
Telia will publish third-quarter results on October 22, 2026, with median revenue estimates of SEK 20.725 billion.
Telia Company stock costs EUR 4.16 at Lang & Schwarz on October 21, 2026 at 3:40 p.m. CEST.
Second-quarter revenue reached SEK 20.705 billion and net income was SEK 2.230 billion.

Techniker bei Glasfaserverlegung in Nordstadt, Telia Company AB, SE0000667925 — Schwarzweiß-Reportage zeigt Techniker bei Glasfaserverlegung, Telia Company AB, ISIN SE0000667925, nordische Straße, Illustration mit AI erstellt.

Barclays upgraded Telia to Overweight from Equal Weight on October 20, 2026, while cutting its price target from SEK 51.00 to SEK 48.00, according to MarketScreener. Telia Company stock was trading at EUR 4.16 at Lang & Schwarz on October 21, 2026 at 3:40 p.m. CEST.

Barclays cuts the target

The rating change came with a lower target, leaving the new SEK 48.00 level only SEK 1.76 above Telia's Stockholm quote of SEK 46.24 at 3:51 p.m. CEST on October 21, 2026. That target comparison places the new estimate 3.81 percent above the Swedish share price.

The latest analyst consensus cited by MarketScreener was Hold from 20 analysts, with an average target of SEK 47.20. The average target was 2.12 percent above the SEK 46.22 closing level cited for October 20, 2026.

Stock position before results

Telia's primary-market quote stood at SEK 46.24 on October 21, 2026. The 52-week range was SEK 35.07 to SEK 51.68, putting the share 10.53 percent below its high and 31.85 percent above its low. The stock was up 17.37 percent since the start of 2026, while volume reached 1,829,195 shares.

For investors, the immediate test is the third-quarter report rather than the target revision alone. Nasdaq said Telia will publish results on October 22, 2026, at around 7:00 a.m. CET and hold its presentation at 9:00 a.m. CET.

Revenue estimates set the test

A consensus compiled for Telia by Modular Finance placed third-quarter revenue at SEK 20.725 billion, adjusted EBITDA at SEK 8.792 billion and earnings per share at SEK 0.65. The figures came from 19 contributors in the estimate published on October 15, 2026, according to Placera.

Telia's second-quarter report delivered revenue of SEK 20.705 billion and net income of SEK 2.230 billion. Revenue was 4.60 percent higher than a year earlier, while net margin rose from 9.90 percent to 10.80 percent, according to Simply Wall St.

Telia Company market facts

Telia's valuation and operating update give the target revision a measurable backdrop. The Stockholm-listed company had a market capitalization of SEK 181.8 billion and a price-to-earnings ratio of 36.99 on October 21, 2026.

The next market signal is the third-quarter release on October 22, 2026. Telia's report will determine whether the consensus revenue estimate of SEK 20.725 billion and adjusted EBITDA estimate of SEK 8.792 billion support or challenge the current target range.

At Lang & Schwarz, Telia Company stock was trading at EUR 4.16 on October 21, 2026 at 3:40 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Telia Company stock.