Business
What’s next for the Telstra (ASX:TLS) share price?
The Telstra Corporation Ltd (ASX: TLS) share price has had an interesting week. Telstra shares started Monday off at a price of $3.42 a share. But by Wednesday, those same shares dipped to as low as $3.32, a fall of more than 3% from Monday’s level. By the end of the week, we saw Telstra return to a share price of $3.40.
That was despite some interesting developments along the way. On Thursday, we discussed how Pengana Capital holds Telstra shares as its biggest holding. As my Fool colleague Tony reported, Pengana Capital chief investment officer Rhett Kessler has Telstra “as just under 8% of our portfolio”. Why? Mr Kessler stated that Pengana likes the telco because “when you buy Telstra shares, you’re buying the best…
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