Ten years ago utility companies were some of the best types of defensive shares. These days that doesn't seem to be the case, but with share prices falling I think some of them are worth considering:
Telstra Corporation Ltd (ASX: TLS) is the telecommunications company that every investor likes to have an opinion on.
With the share price down to $3.65, I think it's looking quite attractive for a long-term investment with the future 5G network and connected devices. However, this is a few years away so shareholders will have to be patient until then.
TPG Telecom Ltd (ASX: TPM) has grown to be one of Australia's largest telecommunications players.
The current price of $5.21 is close to a multi-year low, but it could be a great price once TPG has completed the mobile networks in Australia and Singapore.
Amaysim Australia Ltd (ASX: AYS) is a low cost mobile provider which has steadily increased its numbers of subscribers. It also recently launched an NBN service and acquired Click Energy to offer a complete home service package.
If it keeps growing its customer base then it could be a solid growth option.
Vocus Group Ltd (ASX: VOC) shareholders have been through a tough time. Underneath all of the uncertainty there is still a decent set of businesses in the group once the issues have been resolved. Its Dodo business is a small but growing player in the energy and NBN sectors.
Foolish takeaway
Each business offers a unique set of problems and opportunities. Vocus is a high-risk, high-reward choice. Telstra could still be a good income choice and TPG could generate good growth from this price.
