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TELIA - Telia AB News Story

SEK36.29 0.1  0.4%

Last Trade - 5:00pm

Sector
Telecoms
Size
Large Cap
Market Cap £12.64bn
Enterprise Value £21.06bn
Revenue £7.57bn
Position in Universe 55th / 1836

BUZZ-Telia: "Underappreciated yield" - Barclays double-upgrades

Mon 1st July, 2019 8:14am
** Barclays ups Swedish telecom company Telia  TELIA.ST  to
"overweight" from "underweight"
    ** It says it believes recent mobile and fixed line price
increases in Sweden should improve future growth and confirm its
view that the Nordic markets remain a good place to invest
    ** The brokerage says its previous rating reflected
worsening service revenue trends, negative earnings momentum,
and high relative valuation compared with the other Nordic
telecoms, but its view has changed, especially as "the other
Nordics have rerated"
    ** Barclays raises its mid-term forecasts and lifts PT to
SEK 50 from SEK 40
    ** At the same time it cuts Telecom operator Tele2
 TEL2b.ST  PT to SEK 125 from SEK 130, keeps "equal-weight"

 ((joanna.wodzicka@tr.com))
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