Morgan Stanley cut target for Telenor stock from NOK 155 to NOK 145

Published on 10/08/2026 at 18:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Telenor received SEK 3.8 billion upfront in September. Telenor stock costs EUR 11.72 on October 8, 2026, minus 1.60 percent after EUR 11.91.

Key points in brief

Morgan Stanley lowered its Telenor target from NOK 155 to NOK 145 on October 6, 2026, while keeping Equal Weight.
Telenor completed its Connexion transaction on September 10, 2026 and received SEK 3.8 billion in upfront proceeds.
The Lang & Schwarz quote was EUR 11.72 on October 8, 2026, down 1.60 percent from the EUR 11.91 prior close.
Telenor's third-quarter 2026 results are scheduled for October 28, 2026.

Telenor, NO0010063308, Illustration mit AI erstellt.

Telenor (ISIN NO0010063308) was at EUR 11.72 in after-hours trading at Lang & Schwarz on October 8, 2026 at 6:17 p.m. CEST. On October 6, 2026, Morgan Stanley analyst Terence Tsui lowered the target from NOK 155 to NOK 145 while keeping an Equal Weight rating, according to Markets Insider.

Three events shape the stock

On May 12, 2026, Telenor agreed with Verdane to create a 50/50 joint venture for Telenor Connexion at a stated valuation of SEK 7.5 billion, according to Telenor Connexion. On September 10, 2026, the transaction was completed, with Telenor receiving SEK 3.8 billion in upfront proceeds, according to Inderes. On October 6, 2026, Morgan Stanley lowered its target from NOK 155 to NOK 145, as reported by Markets Insider.

What does the October schedule mean?

The next dated corporate events are a NOK 4.70 half-year dividend ex-date on October 15, 2026 and the third-quarter results release on October 28, 2026, according to MFN. Telenor's investor-relations calendar also lists the October 28 results date for the third quarter of 2026, per Telenor.

The sequence gives the target revision a clear reference point: the next results will show whether the operating picture supports the reduced NOK 145 valuation. The dividend date adds a separate cash-return milestone, while the Connexion transaction changes the group's ownership and cash-flow profile.

Price sits below the Oslo reference

Telenor was trading at EUR 11.72 at Lang & Schwarz on October 8, 2026 at 6:17 p.m. CEST, down 1.60 percent versus the EUR 11.91 prior close dated October 7, 2026. The primary listing is on Oslo Bors, where the finance quote showed NOK 126.10 at 4:28 p.m. CEST on October 8, 2026; the quoted 52-week range was NOK 125.10 to NOK 178.70.

The further course of trading is shown by the continuously updated real-time quote of Telenor stock.