Tele2: UBS downgrades stock
(CercleFinance.com) - UBS has downgraded Tele2 shares from "buy" to "neutral", now estimating 6% upside potential for the Scandinavian telecoms operator's shares, for its target price, which it maintains at 107 SEK.
The broker expects EBITDAaL and EFCF trends to improve in H2 2023, but also to be diluted by what it sees as exposure to significant spectrum investment.
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The broker expects EBITDAaL and EFCF trends to improve in H2 2023, but also to be diluted by what it sees as exposure to significant spectrum investment.
Copyright (c) 2023 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.