Business
Telstra (ASX:TLS) share price surges after earnings
The Telstra Corporation Ltd (ASX: TLS) share price is surging today. Telstra shares are up 2.52% to $3.25 a share at the time of writing, after rising from yesterday’s close of $3.18 a share.
That means that Telstra shares are now up 7.9% year to date, and at their highest point since August 2020. They are also up around 21% from the 52-week low of $2.66 a share that we saw back at the end of October last year.
At the current share price, Telstra has a price-to-earnings (P/E) ratio of 21.25, a market capitalisation of $38.65 billion and a trailing dividend yield of 4.91%.
Why are Telstra shares lifting today?
The positive performance of the Telstra share price today follows the company’s half-year earnings update delivered…
-
Business18 hours agoThis ASX 200 healthcare stock crashed 14% to 4-year low. Here’s what happened
-
Business14 hours agoDicker Data rides the AI trend to double digit growth
-
Business22 hours agoThis leading broker thinks the CSL share price can climb 40%
-
Noosa News15 hours agoBob Katter threatens to punch Nine reporter during ant-immigration press conference