If telstra can deliver 2-3% top line growth. The ttm/forward PE will quicly be lifted up to 15-18.
At today's price, the company has pretty much taken all the penalty it derserves for cutting dividend.
Target price is a range reference at best. A target price of 3.10 can easily become 3.6 or 2.8 as long as an analyst revise estimste by 1% on wacc or terminal growth.
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If telstra can deliver 2-3% top line growth. The ttm/forward PE...
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