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TELIA - Telia AB News Story

SEK36.84 0.2  0.6%

Last Trade - 17/05/21

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

BUZZ-Scandinavian telecoms: Berenberg picks Telenor over Tele2/Telia

Wed 8th August, 2018 8:02am
** Berenberg sees Scandinavian telecoms standing out vs
European peers, adding that Telia  TELIA.ST , Telenor  TEL.OL 
and Tele2  TELE2b.ST  have been among best performers this year
    ** Brokerage upgrades Telenor to "buy" (names top pick in
Scandinavian market) ahead of Q4 special dividend distribution
(NOK 8.3/share)
    ** Expects a re-rating on Telenor, driven by rebound in
Asian growth momentum in H2 and into 2019
    ** Cuts Telia to "sell" as its comparable leverage to peers
is forecast to approach 2.8x net debt:EBITDA by 2020 after the
GET and Bonnier deals
    ** "The company (Telia) is not generating enough equity free
cash flow to sustain the current 8% shareholder returns yield",
adds Berenberg
    ** Cuts Tele2 to "sell" from "buy" as premium co is paying
for stand-alone Com Hem  COMH.ST  has gone up

 ((joanna.wodzicka@tr.com))
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