After more than 13 years, shares of Telstra Corporation Ltd (ASX: TLS) have finally returned to $6.00.
One look at this graph says it all…
It’s been a tumultuous ride for shareholders who’ve held tight over the past 10-years but it finally seems things are looking up.
A revitalised brand and customer service strategy, lucrative agreement with the NBN Co and growing presence in Asia are just some of the achievements which bodes well for the company long-term and has resulted in a doubling of its share price since 2011.
Buy, Hold or Sell
In the future Telstra’s ability to generate and reinvest its huge and growing cash pile both locally and abroad will enable it to grow its competitive advantage over key rivals like Optus – owned by Singapore Telecommunications Ltd (CHESS) (ASX: SGT) and Vodafone – part owned by Hutchison Telecommunications (Aus) Ltd (ASX: HTA) in new and exciting ways. Unfortunately at today’s prices, shares in Telstra don’t come cheap.