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TELIA - Telia AB News Story

SEK36.73 0.1  0.2%

Last Trade - 9:56am

Sector
Telecoms
Size
Large Cap
Market Cap £12.76bn
Enterprise Value £21.14bn
Revenue £7.54bn
Position in Universe 55th / 1832

BUZZ-Nordic telcos: CS prefers Tele2, ups to "outperform"

Fri 15th May, 2020 7:45am
** Credit Suisse says Nordic telcos are relatively defensive
and upgrades Tele2  TEL2b.ST  to "outperform" from "neutral"
    ** The brokerage says Tele2 is its preferred Nordic exposure
with 80% EBITDA exposure to the Swedish market with a relatively
strong economic outlook post-COVID-19, and accelerating revenue
growth from Q3 boosted by Swedish price increases
    ** It also views Tele2 as one of the best dividend payers in
the sector 
    ** CS reiterates "underperform" on Telia  TEL2b.ST  as it
expects stable revenue and EBITDA in the Swedish market to be
more than offset by ongoing commercial challenges in Norway,
Finland and Denmark 
    ** The brokerage says it expects a more uncertain outlook
for COVID-19 effects in Asian markets and hence keeps "neutral"
on Telenor  TEL2b.ST  despite continued expected strength in its
Norwegian business

 ((joanna.wodzicka@tr.com))
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