Is it time to hit redial on Telstra?

Co-founder of the Switzer Report
Print This Post A A A

On 6 August when Telstra (TLS) shares first touched $4.00, I posed the question “is it time to sell”? Telstra shares hit a high of $4.09, then fell to a low of $3.69. As they now nudge $4.00 again, is it time to press redial?

Telstra's (TLS) share price

Back in August, when I was a little more circumspect about the prospects for Telstra and there were some rumours that they may look to acquire a media company, the recommendation I offered was to ‘hold’ for a portfolio basis or potentially take some profits from a trading perspective.

I'm now in the buy camp – the yield is just too good to ignore!

Also from this edition