CFRA upgrades Telenor stock rating to Buy on dividend yield appeal

Published 21/07/2025, 15:40
CFRA upgrades Telenor stock rating to Buy on dividend yield appeal

Investing.com - CFRA upgraded Telenor ASA (OTC:TELNY) from Hold to Buy and raised its price target to NOK180.00 from NOK160.00, citing the company’s attractive dividend yield and business reorganization.

The research firm believes Telenor deserves a premium to its historical average multiple of approximately 6.5x as it reorganizes its portfolio, with the new target representing 9.3x 2026 consensus EV/EBITDA.

CFRA projects low single-digit revenue growth and stronger EBITDA growth for Telenor in 2025 and 2026, noting the company recently raised its EBITDA growth outlook for 2025 following strong results.

Telenor management now expects high single-digit EBITDA growth while maintaining its other guidance metrics, according to CFRA’s analysis.

The upgrade reflects CFRA’s positive outlook for companies with attractive dividend yields that are relatively protected from uncertain geopolitical conditions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.