TLS 0.76% $3.92 telstra group limited

merrill lynch today says sell Sell retained on valuation and...

  1. 4,770 Posts.
    merrill lynch today says sell Sell retained on valuation and medium term concerns: We retain our Sell recommendation on Telstra given it trades at a 13% premium to our $3.31/sh DCF valuation and industry trends remain very challenging. With the T3 selldown out of the way, we expect the market to focus back on execution risks of the company's strategy and industry fundamentals - the later looks very challenging in our view.
 
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