Telstra Corporation Ltd shares leap to 13-year high

The Santa Rally has well and truly arrived for Telstra Corporation Ltd (ASX:TLS) shareholders.

| More on:
a woman

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…

Source: Google Finance

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.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any of the mentioned companies. You can follow Owen on Twitter @ASXinvest.

More on ⏸️ Investing