Reuters
NEW YORK -- Telstra Corp Ltd, under the leadership of chief executive Sol Trujillo, has undergone an $20 billion, five-year transformation that could yield shares worth as much as $5.45 in the next year, according to investment weekly Barron's.
Mr Trujillo received a sound drubbing in local media, which caricatured his Mexican heritage by depicting him riding a donkey and wearing a sombrero, but the 30-year industry veteran has upgraded Telstra's network and replaced outdated technology in addition to bolstering its balance sheet and slashing costs, trimming headcount to 45,000, Barron's said.
The shares, recently around $4.10, could go as high as $5.45, and given the stock's 28 cents a share dividend, the stock is worth at least A$6, according to analyst Nick Pashias of Portfolio Partners', Barron's reported.
telstra shares could rise to $5.45: barron's
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Last
$4.03 |
Change
0.050(1.26%) |
Mkt cap ! $46.56B | |||
| Open | High | Low | Value | Volume |
| $3.98 | $4.04 | $3.96 | $83.94M | 20.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10500 | $4.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.03 | 109606 | 17 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| TLS (ASX) Chart |