TLS 1.60% $3.80 telstra corporation limited.

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  1. Yak
    13,672 Posts.
    Recommendation change

    The Senate approved the price cap regime this week. This removes uncertainty and will allow
    Telstra to continue its rebalancing of access line charges, reinforcing the defensiveness of the
    cashflows from its basic telephone services. We will not have to reduce our 2004 and 2005
    earnings forecasts because of this approval.
    The valuation impact of the Foxtel deal is modest for Telstra, about six cents per share. The
    ability to bundle pay TV with telephone services to customers is a useful long term positive for
    Telstra but not an earnings issue at this point. The key effect is to provide planning certainty.
    Ahead of the Annual General Meeting tomorrow, other issues over the past week have come
    out well for Telstra. The Government also appears to have put T3 on the back burner for now.
    Accordingly, we have upgraded our short term recommendation to Buy and retain a six to nine
    month price target of $5.10.
    The risks we have identified previously remain (intensification of mobile competition, ongoing
    weakness in data communications markets) but these are now reflected in market
    expectations.
    As the Australian economy slows and further downgrades to company earnings flow through,
    Telstra™s earnings are likely to prove more resilient than most others.
    ASX Code:
    TLS
    Share Price:
    $4.61
    Short term:
    Buy
    Long term:
    Hold
    Risk factor:
    Low/Medium
    This stock is part of
    our long term
    recommended list
 
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Last
$3.80
Change
0.060(1.60%)
Mkt cap ! $44.48B
Open High Low Value Volume
$3.75 $3.80 $3.75 $43.24M 11.45M

Buyers (Bids)

No. Vol. Price($)
102 702994 $3.79
 

Sellers (Offers)

Price($) Vol. No.
$3.80 1514635 235
View Market Depth
Last trade - 15.20pm 27/07/2021 (20 minute delay) ?
(live)
Last
$3.79
  Change
0.060 ( 1.18 %)
Open High Low Volume
$3.75 $3.80 $3.75 4820463
Last updated 15.37pm 27/07/2021 (live) ?
TLS (ASX) Chart
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