Business
Citi sees five themes for Nordic telecoms for H2; places Telia on negative watch
Citi sees five themes for Nordic telecoms for H2; places Telia on negative watch
About this update from Tele2 Ab Class A
** Citigroup sees five key topics for Nordic telecoms companies in H2, keeping its top "buy" recommendations on Telenor OSL:TEL and Tele2 OMXSTO:TEL2_A, but placing Telia OMXSTO:TELIA on negative catalyst watch** Telia's stock is down around 2%, Citi resumes with "neutral" citing guidance risk** Overall on the sector, it says competitive dynamics shift, possible consensus upgrades and potential consolidation newsflow will remain as key focus for investors** Aside those, shareholder returns will be in the spotlight as the year-end approaches, along with future growth levers, it saysCOMPANYNEW RATINGOLD RATINGNEW PTOLD PTTele2BuyBuy185 SEK146 SEK TelenorBuyBuy190 NOK170 NOKTelia Neutral-36 SEK-Elisa NeutralNeutral44 EUR44 EUR