Telstra Firms In Front Of Next Week’s Investor Day

Learn MoreFREE TRIAL

Since posting an intra-day low of $2.74 on Wednesday, shares of Telstra have risen over 8% and are pushing against $3.00 in early trade today.

We cite two fundamental catalysts for the renewed buying interest in the telco giant.

You're not a member!  Trial today

First, the acquisition of Time Warner by ATT in the US has supported the idea of  global telecommunication firms increasing revenue by diversifying into media and entertainment.

Second, TLS will be hosting its highly anticipated investor day next Wednesday, June 20th.

We expect this event to be a pivotal day for TLS as it’s expected to discuss its growth initiatives, future earnings and the status of its dividend.

We consider TLS good value at current prices and look for an upside target near $3.90 over the medium-term. 

Telstra