Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Telstra Corporation Ltd    TLS   AU000000TLS2

TELSTRA CORPORATION LTD (TLS)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Telstra : shares fall on ratings downgrade

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/28/2018 | 02:33pm CEST

Telstra shares have fallen after the telco`s ratings were downgraded due to intense competition across its core businesses and lower margins.

Standard and Poor`s (S&P) Global Ratings said Telstra`s incumbent position in the industry had been "diminished" and lowered its long-term issuer and issue ratings on the company to A-minus, from A, and the short-term rating to A-2, from A-1.

The ratings agency did, however, describe Telstra`s outlook as stable and acknowledged the company`s dominant network infrastructure.

"The downgrade reflects our view that Telstra`s strong incumbent position within the Australian telecommunications industry has diminished somewhat," S&P Global Ratings said.

"Competition has intensified across Telstra`s core businesses and the company has had to accept lower margins as a means of protecting its dominant market share."

Telstra shares were down three cents, or 1.05 per cent, to $2.84 by 1338 AEST.

The ratings agency said Telstra`s vulnerability to an erosion of its price premium and dominant market share had increased over the past few years, despite elevated network investment.

It also flagged competition from mobile network operators which have made large investments in their networks and product offerings, and forecast competition to further intensify with the likely entry of TPG Telecom as Australia`s fourth mobile network operator.

"In our opinion, there are execution risks associated with the company`s strategic initiatives," the agency said.

Telstra has recently faced scrutiny after warning tough competition and the NBN are putting a squeeze on earnings that will persist into next year.

Earlier in the month, Telstra`s share fell to a seven-year-low after the telco said despite winning customers, the amount each subscriber spends is falling in both fixed broadband and mobiles.

S&P Global Ratings said the potential for an upgrade was "unlikely" in the short term, given the group`s structural industry challenges, but would consider an upgrade if Telstra adopts a more "conservative" financial policy and is able to maintain consistent cash flows from its core operations.

(c) All Rights Reserved - Mubasher Info 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TELSTRA CORPORATION LTD
01:05pTELSTRA : Job Cuts a Betrayal of Working People and Customers
AQ
06/20TELSTRA : Australia's Telstra unveils massive job cuts in strategic reset
AQ
06/20TELSTRA : to establish infrastructure division
AQ
06/20TELSTRA : Australian telecom Telstra to ax 8,000 jobs to save $740M
AQ
06/20TELSTRA : Australian telecom Telstra to axe 8,000 jobs to save $740M
AQ
06/20TELSTRA : Australian telecom giant Telstra to cut 8,000 jobs over next three yea..
AQ
06/20TELSTRA : to cut 8,000 jobs in major restructure
AQ
06/20TELSTRA : sets new strategy to improve customer experience, simplify structure a..
PU
06/19TELSTRA : to Slash Jobs in Sweeping Restructuring
DJ
06/14TELSTRA : launches mobile satellite small cell solution for remote areas
AQ
More news
News from SeekingAlpha
04/24Telstra enters IP licensing deal with TiVo 
04/13Top 50 Communication Services Stocks For April By Yield And Target Gains 
03/09Top Gain Communication Services Stocks Are VEON, China Mobile, Vodafone & BCE.. 
03/05Fox Sports Australia, Foxtel set combination in motion 
02/15Telstra Corporation Ltd. ADR 2018 Q2 - Results - Earnings Call Slides 
Financials ( AUD)
Sales 2018 26 152 M
EBIT 2018 5 541 M
Net income 2018 3 435 M
Debt 2018 16 176 M
Yield 2018 7,94%
P/E ratio 2018 9,60
P/E ratio 2019 10,33
EV / Sales 2018 1,88x
EV / Sales 2019 1,92x
Capitalization 32 944 M
Chart TELSTRA CORPORATION LTD
Duration : Period :
Telstra Corporation Ltd Technical Analysis Chart | TLS | AU000000TLS2 | 4-Traders
Technical analysis trends TELSTRA CORPORATION LTD
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 3,21  AUD
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Andrew Richard Penn Chief Executive Officer, Executive Director & MD
John Patrick Mullen Chairman
Robyn M. Denholm Chief Operating Officer
Warwick Bray Chief Financial Officer
Stephen A. Elop Group Executive-Technology, Innovation & Strategy
Sector and Competitors
1st jan.Capitalization (M$)
TELSTRA CORPORATION LTD-23.69%24 229
VERIZON COMMUNICATIONS-8.37%200 397
NIPPON TELEGRAPH AND TELEPHONE CORP-3.32%98 728
DEUTSCHE TELEKOM-8.96%74 284
SAUDI TELECOM COMPANY SJSC--.--%46 721
ORANGE-0.79%44 420