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TLS - Telstra News Story

NZD3.63 -0.1  -1.4%

Last Trade - 6:00am

Sector
Telecoms
Size
Large Cap
Market Cap £22.35bn
Enterprise Value £32.25bn
Revenue £12.50bn
Position in Universe 15th / 1902

BUZZ-Jefferies says Telstra's 'ambition' achievable, raises PT

Thu 11th February, 2021 8:48pm
** Brokerage Jefferies lifts PT on Telstra Corp  TLS.AX 
stock to A$3.44 from A$3.33, following its HY results 
    ** Jefferies says Telstra's HY results were soft but cites
the telecom company's optimistic outlook for PT raise
    ** Telstra said it expects postpaid mobile ARPU and Mobile
EBITDA to grow in 2H21 vs pcp 
    ** Jefferies notes Telstra's "ambition" (but not a 
guidance) to grow underlying EBITDA by mid-to-high single digit
in FY22
    ** Jefferies says Telstra's ambition is achievable with a
stretch and that Mobile division will have to do all the heavy
lifting
    ** Of 12 brokerages covering stock, six rate it "buy" or
higher, five "hold," and one "sell"; Median PT A$3.68
    ** Stock had risen ~9% this year, as of last close
    
    

 (Reporting by Nikhil Subba in Bengaluru
Editing by Matthew Lewis)
 ((Nikhil.Subba.thomsonreuters.com@reuters.net))
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