Since breaking down through the $3.00 mark on May 15th, shares of TLS have range traded between $2.70 and $2.90.
Much of the negative commentary about the Telco giant has revolved around its ability to hold on to its 47% market share, increase its profit margins via 5-G technology and maintain its dividend.
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We feel that these questions will be answered in the affirmative during their business update call on June 20th.
At current prices, TLS has a dividend yield of 7.9% and a P/E ratio of 9.30, which we feel is good value for investors.
Telstra
