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

About the author:

Nick Harris
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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