Most of the big brokers are upping their forecasts
The response has been rather positive with the comment being that most of the uncertainty has been removed from the stock.
?Citi ups their target price to 405c from 370c and maintain their BUY recommendation to reflect the $11bn NPV of value Telstra expects out of the deal with NBN Co.
?GSJB Were upped their target price to 390c from 370c but maintain their HOLD recommendation saying the market is unlikely to price in 100% certainty on the deal. The fact that the Future Fund will again look to lighten their holding could put pressure on the stock.
?Macquarie Equities maintain their NEUTRAL recommendation and say while ?we remain concerned about the earnings outlook for Telstra? they have upped their target price modestly to 330c to reflect a slightly better than expected price outcome from this potential transaction.
?Morgan Stanley maintain their OVERWEIGHT recommendation and 365c target price saying ?with many of the worst-case NBN risks now significantly reduced. Telstra will soon have the flexibility to redirect very large free cash flow to capital management initiatives?.
?Merrill Lynch upped their target price by 13% to 355c.
very cunning..., page-4
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.85 |
Change
0.010(0.26%) |
Mkt cap ! $44.48B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.89 | $3.83 | $65.77M | 17.07M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 64426 | $3.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.86 | 192676 | 8 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |