Telenor placed on negative catalyst watch at JPM ahead of Q3 results
JPMorgan placed Telenor on Negative Catalyst Watch ahead of Q3 results, citing competitive pressures in Norway and Finland, and lower EBITDA and free cash flow. The bank expects continued headwinds and reduced its price target to NOK 145. JPMorgan rates the stock Neutral, noting attractive shareholder returns but mid-term challenges. The bank also commented on other Nordic telecoms, rating Telia and Tele2 Overweight.



