A: I called Telstra a ”buy” last October, and then again in February (see https://switzerreport.com.au/telstra-is-it-still-a-buy/ ). I concluded:

“I am going to stick my neck out again and say that there is more upside with Telstra. The support from dividend thirsty income seekers, plus others expecting some form of distribution in relation to the sale of TowerCo, will keep a floor on the price. I am not looking for much, maybe over time up to $3.75. I do not see a lot of downside risk in the short term, which makes it a buy/hold rather than a sell.”

The broker analysts continue to like Telstra. According to FN Arena, of the 6 major brokers, there are 4 ‘buys’, 1 ‘hold’ and 1 ‘no rating’. The consensus target price is $3.79, about 7% higher than the last ASX price. Range is $3.35 to $4.05.

I think most of the upside with Telstra has already been had, but I also don’t see that much downside.