Telstra (TLS) Update

Submitted by Share Trading on 14 April, 2008 - 14:03

Telstra (TLS) has a Neutral recommendation and a $4.90 price target per share from Australian sharemarket analyst Macquarie Research Equities.

Telstra (TLS): Bouncing Off Resistance

Telstra (TLS) - Neutral Recommendation
Current Price: $4.47
Target Price: $4.90 (~7.2% Upside)
P/E: 14.8 X
Div Yield: 6.3% (100% Franked)

Telstra (TLS) Technicals

Telstra has bounced off its $4.40 Support / resistance level and is currently trading at $4.47. Next resistance levels are at $4.55 and $4.70 before hitting MRE’s 12mth target price of $4.90

Past performance is not a reliable indicator of future performance.

Macquarie Research Equities Telstra (TLS) Fundamental View:

1. National Broadband Network tenders bids due by 25th July. Telstra should be a prominent bidder here.
2. MRE believes TLS is performing well on an operational basis.
3. Catalyst: consensus earnings upgrades ahead of FY08 result.