Business
Telstra (ASX:TLS) share price rises as brokers pass judgement on its profit result
The ASX slumped this afternoon but the Telstra Corporation Ltd (ASX: TLS) share price is bucking the downtrend as experts reacted to its profit results.
The Telstra share price jumped 0.6% to $3.27 in after lunch trade when the S&P/ASX 200 Index (Index:^AXJO) fell 0.5%.
The losses on the market deepened when Victoria announced it was re-entering a five-day hard lockdown.
Don’t underestimate Telstra’s profit results
But that wasn’t enough to put a dampener on the Telstra share price as several brokers gave its earnings announcement their tick of approval.
UBS reckons the market may be missing the significance of the telco’s decision to increase the Transacting Minimum Monthly Commitment (TMMC) on mobile plans in the current…
-
General23 hours agoThree players sin-binned as Australia win torrid second Test 14-4 over England to retain Ashes
-
General23 hours agoTanzanian president Samia Suluhu Hassan wins disputed election with more than 97pc of vote, results show
-
General15 hours agoRock climbers’ defiance grows over Mount Arapiles cultural site requests
-
Noosa News15 hours agoClean-up begins in south-east Queensland after homes, cars damaged by giant hailstones