Telstra Group: Fundamentals improving but value may stay locked-in

About the author:

Author name:

By Nick Harris

Job title:

Senior Analyst

Date posted:

18 August 2023, 8:30 AM

Sectors Covered:

Telecommunications, Technology

• Telstra's (ASX:TLS) FY23 result and FY24 guidance were all largely in-line with expectations.
• Shares traded lower on news that the company will be maintaining the current ownership structure of InfraCo fixed for at least the medium term. In our view this removes the short term appeal of TLS and we move to a Hold recommendation.

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