Tele2: Credit Suisse raises target price.
(CercleFinance.com) - Credit Suisse on Monday raised its target price on Swedish telecom operator Tele2 to 98 Swedish kronor from 92 Swedish kronor earlier, while maintaining a "neutral" rating on the stock.
In a research note, the broker said it is now more optimistic about the medium-term growth potential in the Swedish mobile business.
More generally Credit Suisse remains positive on the Swedish mobile market, which it expects to return to growth of 3% to 4%.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a research note, the broker said it is now more optimistic about the medium-term growth potential in the Swedish mobile business.
More generally Credit Suisse remains positive on the Swedish mobile market, which it expects to return to growth of 3% to 4%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.