Tele2: Credit Suisse still a buyer
(CercleFinance.com) - Credit Suisse is sticking to its revenue and EBITDAaL estimates ahead of Tele2's Q3 earnings announcement.
"Tele2 remains our top Nordic pick and we maintain our Outperform rating and SEK158/share target price".
"Tele2 reports Q3 21 earnings on 20th October. In B2C we expect
continued low promotional activity and continued ARPU benefits from Telia/Tele2 price hikes" the analyst says.
"At the EBITDA level 2021 guidance implies a slowdown in H2 after a strong H1" Credit Suisse adds.
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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.
"Tele2 remains our top Nordic pick and we maintain our Outperform rating and SEK158/share target price".
"Tele2 reports Q3 21 earnings on 20th October. In B2C we expect
continued low promotional activity and continued ARPU benefits from Telia/Tele2 price hikes" the analyst says.
"At the EBITDA level 2021 guidance implies a slowdown in H2 after a strong H1" Credit Suisse adds.
Copyright (c) 2021 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.