Telia Company stock: Telia raises 2026 outlook. Deutsche Bank targets Telia Company stock at SEK 50

Published on 10/24/2026 at 03:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue rose 7.3 percent to SEK 21.3 billion on October 22. The 2026 free cash flow outlook for Telia Company stock is at least SEK 9 billion.

Growth outlook and valuation

Third-quarter revenue reached SEK 21.3 billion on October 22, 2026, up 7.3 percent year over year.
Telia raised its 2026 adjusted EBITDA growth outlook to 3-4 percent from around 3 percent.
Telia Company had a market capitalization of SEK 189.6 billion as of October 23, 2026.

Makroaufnahme leuchtender Glasfaserstränge, Telia Company AB, SE0000667925 — Makroaufnahme leuchtender Glasfaserstränge mit Lichtimpulsen, Telia Company AB, ISIN SE0000667925, blaue orange Reflexionen, Illustration mit AI erstellt.

Telia Company (ISIN SE0000667925) raised its 2026 outlook after third-quarter revenue reached SEK 21.3 billion and adjusted EBITDA increased 2.9 percent on a like-for-like basis. The results were published on October 22, 2026, by Nasdaq. Deutsche Bank then raised its Telia target from SEK 34 to SEK 50 and upgraded the stock from hold to buy on October 15, 2026, according to MarketScreener.

Q3 growth supports the upgrade

The quarterly figures give Telia a clearer operating base for its revised plan. Revenue increased 7.3 percent from SEK 19.9 billion in the third quarter of 2025, while operating profit rose to SEK 4.4 billion from SEK 4.0 billion, according to MarketScreener. Net income reached SEK 2.9 billion compared with SEK 2.5 billion a year earlier, and free cash flow rose to SEK 3.7 billion from SEK 2.9 billion.

What does the new outlook mean?

Telia now expects adjusted EBITDA growth of 3-4 percent in 2026, compared with its previous outlook of around 3 percent. Free cash flow guidance is at least SEK 9 billion, while the nine-month report showed SEK 7.8 billion of free cash flow, up from SEK 6.9 billion in the comparable period.

Three events frame the stock

On October 15, 2026, Deutsche Bank raised its target from SEK 34 to SEK 50 and moved to buy, as MarketScreener reported. On October 12, Telia proposed further localization and targeted SEK 1 billion in annual gross savings, according to Finanznachrichten. On October 22, the company published the third-quarter report and upgraded its 2026 outlook.

Next date is October 28

The next substantiated calendar date is October 28, 2026, when Telia is scheduled to trade ex-dividend for a SEK 0.51 per-share payment, according to MarketScreener.

Valuation remains the counterpoint

Telia Company had a market capitalization of SEK 189.6 billion as of October 23, 2026. Its Nasdaq Stockholm 52-week range was SEK 36.19 to SEK 51.68 on that date, leaving the valuation discussion tied to whether the upgraded cash flow outlook can support the higher analyst targets. The further course of trading is shown by the continuously updated real-time quote of Telia Company stock.