Telia Company stock rises 2.20 percent as Nordea keeps Hold rating

Published on 10/07/2026 at 13:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nordea kept a Hold rating and SEK 47 target on October 7, 2026. Telia reports Q3 results on October 22 after Q2 revenue reached SEK 20.71 billion.

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Telia Company stock (ISIN SE0000667925) was trading at SEK 44.56 on Nasdaq Stockholm on October 7, 2026, at 1:43 p.m. CEST, up 2.20 percent from the previous close. The immediate catalyst was Nordea's decision to keep a Hold rating and a SEK 47 price target, while the bank raised its 2027 and 2028 EBITDA estimates by 1 percent because of currency effects, as Börskollen reported on October 7, 2026.

Nordea keeps SEK 47 target

Nordea said Telia's third-quarter forecasts were broadly in line with consensus. The bank also pointed to progress toward Telia's target of free cash flow above SEK 10 billion in 2027, while noting that consensus already stood at SEK 10.6 billion and the 2026 dividend yield was 4.9 percent, according to Börskollen on October 7, 2026.

The SEK 47 target is 5.47 percent above the SEK 44.56 market price. That gap is smaller than the broader consensus range, which leaves the market weighing steady cash generation against limited valuation upside.

Q2 revenue reached SEK 20.71 billion

Telia's Q2 2026 revenue rose to SEK 20.71 billion from SEK 19.8 billion in Q2 2025, a 4.6 percent increase, while earnings per share advanced to SEK 0.57 from SEK 0.50. Investing.com reported that Q2 net income reached SEK 2.23 billion, up 14 percent from the prior-year quarter.

For the next quarter, estimates cited by Finanzen.ch on October 7, 2026, put average Q3 revenue at SEK 20.67 billion and earnings per share at SEK 0.667. The revenue estimate represents 4.08 percent growth from the SEK 19.86 billion reported for Q3 2025.

Consensus target stays above market price

The analyst consensus published by Investing.com is Neutral across 20 analysts. Its average 12-month target is SEK 46.63, with a high estimate of SEK 57 and a low estimate of SEK 34; the average target is 4.65 percent above the October 7 price.

The stock's current market value is SEK 175.2 billion. Its October 7 trading range ran from SEK 43.81 to SEK 44.61, while the 52-week range was SEK 35.07 to SEK 51.68, placing the latest price 13.78 percent below the yearly high.

Q3 results arrive October 22

Telia Company trades as TELIA on Nasdaq Stockholm and belongs to the Communication Services sector, according to Global Banking and Finance Review. The next earnings release is scheduled for October 22, 2026, according to the company's event calendar published by Marketscreener.

Telia Company stock was last at SEK 44.56 on Nasdaq Stockholm on October 7, 2026, with 1,380,353 shares traded and a market capitalization of SEK 175.2 billion.