Why the Telstra (ASX:TLS) share price stormed 14.5% higher in November

The Telstra Corporation Ltd (ASX: TLS) share price was a strong performer in November.

Over the month, the telco giant’s shares stormed 14.5% higher.

Why did the Telstra share price zoom higher?

Investors were fighting to get hold of Telstra’s shares last month for a couple of reasons.

The first was due to improving investor sentiment thanks to COVID-19 vaccine progress.

This has sparked hopes that travel markets will recover quicker than previous expected, which would be good news for Telstra. Its revenues have taken a small hit this year from the lack of roaming revenue.

In addition to this, the company made a major announcement in the middle of the month relating to its structure. Telstra revealed that it is looking to…