Telstra has a lot of debt ,and as interest rates rise it will impact on profits ..Interest rates are now easing again that's a positive however any kind of cash flow that reduces the debt burden I see as a larger positive.
Remember Telstra is widely held by Mums ,Dads and institutions and is a highly liquid stock ...any kind of wobble in StockMarkets will generate broad .selling....Remember Telstra debt to equity is almost 93% and Telstra book Value is only $1.33!!!! Telstra is selling for 3x book Value. and has a PEx 21.67....I would say expensive.
Looking at the chart..about $3.70 is support and it bottomed at $2.72 in the last Five years ..with a Major correction in StockMarkets Telstra's fundamentals are not the best and Telstra is vulnerable!!!!
All the Best to All
Where to now for long term investors of Telstra, page-12720
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Last
$3.87 |
Change
0.030(0.78%) |
Mkt cap ! $44.71B | |||
| Open | High | Low | Value | Volume |
| $3.88 | $3.90 | $3.85 | $67.39M | 17.40M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 70984 | $3.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.88 | 154208 | 17 |
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| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| TLS (ASX) Chart |