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Tele2: Credit Suisse still a buyer

( - 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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