Tele2 TEL2 B
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The news check keeps the assessment current.
General analysis — not personal advice.
Existing position can be maintained for the dividend yield.
Stable profitability and cash flow support the continued hold signal despite analyst downgrades and operational challenges.
Analyst sentiment has deteriorated after downgrades while retail investors continue to buy on weakness. Customer sentiment is negatively affected by new fees.
HOLD is the call. Neutral is the market mood. Low risk means less can go wrong.
Latest change
- 21 Oct 2026 — Report released 20 October showing record free cash flow and tightened full-year guidance.
The full analysis is open. Follow the company free for the full change history — and email next time the picture changes.
Show all changes (7) — follow the company freeAbout the company
Tele2 provides mobile and fixed connectivity, broadband, TV and IoT solutions to consumers and businesses. Operations are focused on Sweden and the Baltics with emphasis on stable profitability and dividends.
Bull case
Stable eFCF growth and attractive dividend provide support for the stock.
Bear case
Tough competition in the domestic market and risk of customer churn after price hikes and network disruptions limit upside.
Why this signal
Stable profitability and cash flow support the continued hold signal despite analyst downgrades and operational challenges.
Recent news
Tele2 and Comviq activated full RCS support in September for improved messaging between iPhone and Android. Analysts adjusted price targets after the Q3 report, with cuts from Goldman Sachs, Kepler and JP Morgan but minor raises from Danske Bank. The stock trades around 159–160 SEK.