Morgan Stanley said on October 05 it was starting coverage of the Nordic region's biggest telecom operator TeliaSonera with an "equal-weight" rating and a price target of 41 crowns ($5.25).
The bank said it viewed the coming months as "critical" for the longer-term performance of the Swedish-Finnish firm as events unfolded regarding its restructuring programme and its struggle to gain control of Turkey's Turkcell.
"Execution on both these issues could add a further 4 Swedish crowns to our price target," Morgan Stanley said.