Telecom Corporation of New Zealand (TEL) Share Price Recommendation
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FacebookMerrill Lynch has rates the Telecom Corporation of New Zealand (TEL) stock as Sell, Low Risk given the double digit share price decline since the NZ government announced a change in the regulatory environment. There is still downside risk apprarent from their mobile operations. Worst case scenario is the DCF valuation of NZ$3.70. This stock was recently a "loser of the week".Telecom Corporation of New Zealand Limited is listed on the Australian Stock Exchange (ASX) under stock code TEL. Check your charts!
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Top 50 Public Companies Listed on the Australian Stockmarket as at 18/07/2008
- BHP Billiton
- Commonwealth Bank of Australia (CBA)
- Rio Tinto
- National Australia Bank (NAB)
- Telstra (TLS)
- News Corporation or NewsCorp (NWS)
- Westpac Banking Corporation (WBC)
- Woodside Petroleum Limited (WPL)
- ANZ
- Woolworths Limited (WOW)
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- Fortescue Metals (FMG)
- CSL
- QBE Insurance
- St. George Bank Limited (SGB
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- Origin Energy Limited (ORG)
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- AMP Limited (AMP)
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- Santos Limited (STO)
- Coal & Allied (CNA)
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- AXA Asia Pacific Holdings Limited (AXA)
- Woodside Petroleum Limited (WPL)
- Insurance Australia Group Limited (IAG)
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- Crown (CWN)
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- ASX (Australian Securities Exchange)
- Macquarie Infrastructure Group (MIG)
- Telecom Corporation of New Zealand (TEL)
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