Telstra logo

TLS - Telstra News Story

NZD3.63 -0.1  -1.4%

Last Trade - 6:00am

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
    ** 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)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.