Shares of TLS have traded back into a significant technical price area.
Looking back to mid-August, the share price was beaten down from $4.33 to $3.50 just 10 trading sessions. This price action has left several gaps on the daily chart which are now being challenged.
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TLS goes ex-dividend on March 1st and is on about a 6% yield at current prices.
It’s reasonable to believe that the current technical buying could lift the share price back over $4.00, which would still pencil out to over 5% yield, fully franked.
We still believe accumulating shares of TLS in this price range will benefit investor portfolios throughout 2018.
Telstra
