Nordea cuts target for Telenor stock to NOK 148 from NOK 160

Published on 10/20/2026 at 12:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Telenor reports third-quarter results on October 28, 2026. For investors, Telenor stock costs EUR 11.98 on October 20, 2026, with market value NOK 172.0 billion.

Target cuts sharpen the October test

Nordea lowered its Telenor target from NOK 160 to NOK 148 on October 19, 2026.
Telenor will report third-quarter results on October 28, 2026.
Telenor stock trades at EUR 11.98 at 12:34 p.m. CEST at Lang & Schwarz on October 20, 2026.
Telenor had a NOK 172.0 billion market value as of October 20, 2026.

Telenor, NO0010063308, Illustration mit AI erstellt.

Telenor (ISIN NO0010063308) was trading at EUR 11.98 at Lang & Schwarz on October 20, 2026 at 12:34 p.m. CEST. On October 19, 2026, Zonebourse reported that Nordea cut its target for Telenor from NOK 160 to NOK 148 while maintaining a buy recommendation.

Analysts trim targets ahead of results

The latest target reduction puts Nordea's NOK 148 view below the NOK 151.70 average target tracked for 20 analysts on the same market overview. MarketScreener also listed Deutsche Bank's October 15, 2026 reduction from NOK 160 to NOK 150 and a hold recommendation.

What does the target reset change?

The numerical message is measured rather than uniform. Nordea's new target is NOK 12.00 below its previous level, while the average target remains NOK 3.70 higher than Nordea's revised figure. Telenor's Oslo share was last at NOK 126.10 on October 20, 2026 at 12:21 p.m. CEST, leaving the Nordea target NOK 21.90 above that market quote.

The sequence behind October 28

On September 10, 2026, Telenor received SEK 3.8 billion in cash when its Telenor Connexion transaction with Verdane closed, according to Telenor. On October 15, 2026, Deutsche Bank cut its target from NOK 160 to NOK 150, and on October 19, 2026, Nordea reduced its target from NOK 160 to NOK 148.

Telenor will release third-quarter results on October 28, 2026. The company's Bangladesh license bands are scheduled to expire on November 10, 2026, according to its September 22, 2026 investor update.

Stock price and investor map

Telenor's market value was NOK 172.0 billion on October 20, 2026. The company operates in wireless telecommunications, with Norway, Sweden, Bangladesh, Finland and Denmark among its reported markets. The October 28 results will show whether the target reductions reflect temporary execution costs or a broader change in operating expectations.

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