|Bid||2.78 x 0|
|Ask||2.79 x 0|
|Day's Range||2.76 - 2.80|
|52 Week Range||2.60 - 4.33|
|PE Ratio (TTM)||8.72|
|Earnings Date||Aug 16, 2018|
|Forward Dividend & Yield||0.15 (5.36%)|
|1y Target Est||3.10|
I am writing today to help inform people who are new to the stock market and looking to gauge the potential return on investment in Telstra Corporation Limited (ASX:TLS). WithRead More...
Telstra Corporation Limited (ASX:TLS) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case ofRead More...
CANBERRA, Australia (AP) — Telstra Corp., Australia's largest telecommunications company, announced on Wednesday that it will ax 8,000 jobs — one in four employees — over three years in a bid to save 1 billion Australian dollars ($740 million).
Telstra CEO Andrew Penn reflected on his company's Wednesday announcement that it planned to cut 8,000 jobs in an interview with CNBC. The CEO highlighted the difficulties currently faced by the telecommunications industry and acknowledged the need for the company to change the "nature" of its products and services. Following the Wednesday announcement of sweeping corporate changes that are set to go into effect over the next few years, Australian telecommunications company Telstra's TLS-AU stock fell to 7-year lows.
Australia’s largest telecommunications company said it will cut 8,000 jobs, potentially spin off a new infrastructure unit and consider selling as much as A$2 billion ($1.5 billion) of assets as it struggles with increased competition.
Australia's largest telecom firm Telstra Corp Ltd (TLS.AX) said it would cut a quarter of its workforce and flagged asset sales on Wednesday, as competition and new technology crush its mainstay fixed-line businesses and force a strategic reset. It also flagged a fall in 2019 earnings to between A$8.7 billion and A$9.4 billion, excluding restructuring costs of about A$600 million, having already warned in May that 2018 earnings would be at the bottom end of its guidance. Telstra shares dropped 6.2 percent in early trade to their lowest in seven years, while the broader market (.AXJO) rose 0.7 percent.
The new unit, to be named, Telstra InfraCo will comprise Telstra’s fixed network infrastructure and data centres along with operations of Telstra's National Broadband Network. "We are now at a tipping point where we must act more boldly if we are to continue to be the nation’s leading telecommunications company," Chief Executive Andrew Penn said regarding the layoffs.
Telstra Corp. plans to cut 8,000 jobs, sell assets and potentially spin off a new infrastructure business in a make-or-break attempt to fend off competition. “We are now at a tipping point,” Chief Executive Officer Andrew Penn said in a statement. Under pressure to change course as Telstra’s stock price and earnings dwindle, Penn said Australia’s largest telecommunications company will undergo a “radical simplification.” More than 1,800 consumer and small-business products will be distilled into just 20, helping to eliminate two thirds of customer-service calls by 2022.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Over the past 10 years, Telstra Corporation LimitedRead More...
HONG KONG (AP) — A Chinese tech giant has been brought to its knees. Tougher inspections at Chinese ports are holding up cars, apples and lumber imported from the U.S. These are among the early signs that the widening trade dispute between China and the U.S. is exacting a toll on both sides.
The Asian telecom sector has underperformed the broader market by 18 percent in the past 12 months due to investor concerns stemming from uncertainties related to 5G spending and potential monetization, JP Morgan analysts said. JP Morgan recommended investors buy telecom stocks in Japan, South Korea, China and Australia, saying these companies were unlikely to build significant standalone 5G networks until a business case emerges.
Today I will be providing a simple run-through of the discounted cash flows (DCF) method to estimate the attractiveness of Telstra Corporation Limited (ASX:TLS) as an investment opportunity. Anyone interestedRead More...
Fox Sports is owned by News Corp, which also owns Foxtel jointly with Australia's Telstra. Telstra expects to record a one-off accounting gain, estimated at A$263 million (147.44 million pounds), as a result of the deal, it said in a separate statement.
Fox Sports is owned by News Corp, which also owns Foxtel jointly with Australia's Telstra. Telstra expects to record a one-off accounting gain, estimated at A$263 million ($204 million), as a result of the deal, it said in a separate statement.
Andrew Penn of Telstra says short-term "tough economic decisions" need to be made for the future growth of the company.
Mathan Somasundaram of Blue Ocean Equities says a plan by Australia's Telstra to cut thousands of jobs and split itself into two companies does little to ease competition and dividend concerns.