Telco - Integrated: Telco sector update

About the author:

Nick Harris
Author name:
By Nick Harris
Job title:
Senior Analyst
Date posted:
12 December 2023, 7:00 AM
Sectors Covered:
Telecommunications, Technology

  • We review recent NBN and mobile pricing trends, update our forecasts for recent events including 5G spectrum auction, and highlight our move to a mildly underweight sector view on telecommunications.
  • We retain our Hold rating on Telstra Group (ASX:TLS) (noting the risk/reward looks negatively weighted given its premium valuation). We have an Add rating on TPG Telecom (ASX:TPG) (better risk/reward due to a lower valuation) and an Add rating on Superloop (ASX:SLC) which continues to represent, in our view, the best value despite being stuck in small cap purgatory.

Find out more

Download full research note

If you would like more information, please contact your adviser or nearest Morgans office. 

Request a call Find local branch

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.

  • Print this page
  • Copy Link