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TLS - Telstra News Story

NZD3.72 0.0  0.0%

Last Trade - 14/05/21

Large Cap
Market Cap £22.56bn
Enterprise Value £32.38bn
Revenue £12.39bn
Position in Universe 16th / 1913

BUZZ-Australia's Telstra climbs most in over 2 weeks; FY19 EBITDA guidance cut nominal

Thu 6th September, 2018 3:57am
** Telstra Corp Ltd  TLS.AX  rises as much as 4.64 pct to
A$3.16, in its biggest intraday pct gain since Aug 22
    ** Telecommunication giant cuts FY19 guidance for EBITDA
excluding restructuring costs to a range of A$8.7 bln ($6.26
billion)-A$9.4 bln from A$8.8 bln-A$9.5 bln*:nFWN1VR0YC
    ** Given the spread to the outlook between A$8.7 bln-A$9.4
bln is 6 percent and a 1 percent downgrade it is not considered
a material downgrade by investors - Michael McCarthy, chief
strategist at CMC Markets and Stockbroking
    ** Stock hits highest since Aug 31 
    ** More than 35.5 mln shares change hands, compared with
30-day average of over 37 mln shares 
    ** Stock top pct gainer on benchmark S&P/ASX 200 index
    ** Of 12 analysts covering the stock, 5 rate it "buy" or
higher, 2 "hold" and 5 "sell" or lower; median PT A$3.18 –
Thomson Reuters Eikon
    ** As of last close, stock had declined 15 pct this year, 
compared with 2.7 pct increase in benchmark index  .AXJO 
($1 = 1.3895 Australian dollars)

 (Reuters Messaging:
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