Telia Company AB stock (SE0000667925): Share price rises as buyback and analyst downgrade weigh on sentiment

Telia Company AB shares have climbed more than 2% on the Stockholm exchange, even as the telecom operator launches a new share buyback and Citigroup downgrades the stock to Neutral.

Telia Company AB shares have risen more than 2% on the Stockholm exchange, supported by a fresh share buyback program and solid underlying earnings, even as Citigroup downgraded the stock to Neutral from Buy with a SEK 49 price target on May 7, 2026, according to Marketscreener as of 05/07/2026.

On the same day, Telia’s share price stood at about SEK 48.26 on Nasdaq Stockholm, up roughly 2.5% on the session, according to Telia Company’s own share?price page as of 05/07/2026. The move comes as the company exercises its mandate to buy back shares to cover commitments under its Long?Term Incentive Program 2023–2026, a move that can temporarily tighten supply and support the share price, according to MarketScreener as of 05/07/2026.

As of: 09.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Telia Company AB
• Sector/industry: Telecommunications
• Headquarters/country: Sweden
• Core markets: Sweden, Norway, Finland, Denmark, Lithuania, Estonia, Latvia
• Key revenue drivers: Mobile, broadband, TV, fixed?line, enterprise networking and cloud services
• Home exchange/listing venue: Nasdaq Stockholm (ticker: TELIA)
• Trading currency: Swedish krona (SEK)

Telia Company AB: core business model

Telia Company AB is the incumbent telecom operator in Sweden and also holds leading or strong positions in Norway, Finland and the Baltic states, according to Morningstar as of 05/07/2026. The company provides mobile, broadband, television and fixed?line services to consumers and small businesses, while also offering enterprise?grade networking, cloud and security, mobility, contact?center and collaboration solutions to corporate clients.

Across its Nordic and Baltic footprint, Telia focuses on bundling connectivity with value?added services such as managed mobility, enterprise telephony and managed network solutions, which helps stabilize revenue and improve customer retention, according to Investing.com as of 05/07/2026. This integrated model allows the group to capture both consumer and business demand for higher?speed broadband and mobile data, as well as for secure, cloud?based enterprise infrastructure.

Main revenue and product drivers for Telia Company AB

Service revenue growth has been a key metric for Telia in recent quarters, with first?quarter numbers showing service revenue up about 2.1% year on year and adjusted EBITDA up 4.0% versus guidance of 2–3% growth, according to Morningstar as of 05/07/2026. The company’s latest twelve?month EBITDA is around SEK 2.4 billion, with an average of about SEK 2.46 billion over the fiscal years ending December 2021–2025, according to Investing.com Canada as of 05/07/2026.

Mobile and broadband remain the largest revenue drivers, supported by ongoing network upgrades and 5G rollouts in the Nordics and Baltics, according to Investing.com as of 05/07/2026. At the same time, enterprise services such as managed mobility, cloud and security, and contact?center solutions are growing as businesses digitize operations and rely more on remote and hybrid work models, according to TradingView/Zacks as of 05/07/2026.

Why Telia Company AB matters for US investors

For US investors, Telia offers exposure to a mature but still evolving European telecom market with relatively stable cash flows and a high dividend yield, according to Morningstar as of 05/07/2026. The company’s trailing dividend yield is around 5%, which can be attractive in a higher?interest?rate environment, even though the stock trades at a premium valuation versus some global peers, with a price?to?earnings ratio above 20x and a price?to?sales ratio near 1.9x, according to Investing.com as of 05/07/2026.

US?based investors can access Telia via ADRs or through international brokers that list the Stockholm?traded shares, giving them a way to diversify into European telecoms without directly investing in US carriers, according to Investing.com as of 05/07/2026. The group’s focus on digital infrastructure and enterprise services also aligns with broader global trends in cloud, cybersecurity and hybrid work, which are relevant themes for US?centric portfolios, according to TradingView/Zacks as of 05/07/2026.

Conclusion

Telia Company AB’s shares have risen more than 2% on Nasdaq Stockholm, reflecting a mix of positive sentiment around its latest earnings and a new share buyback program, even as Citigroup downgrades the stock to Neutral with a SEK 49 price target, according to Marketscreener as of 05/07/2026. The company continues to generate solid service?revenue growth and adjusted EBITDA, supported by mobile, broadband and enterprise?services demand across the Nordics and Baltics, according to Morningstar as of 05/07/2026.

For US investors, Telia offers exposure to a dividend?paying European telecom with a focus on digital infrastructure and enterprise services, but the stock trades at a premium valuation and faces competitive and regulatory pressures in its core markets, according to Investing.com as of 05/07/2026. As with any equity, investors should weigh the yield and growth outlook against the valuation and sector?specific risks before making decisions, according to TradingView/Zacks as of 05/07/2026.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.