Telstra at $2.85?

Co-founder of the Switzer Super Report
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Telstra’s profit downgrade last Monday, which saw the shares lose 10.9% over the week and touch seven-year lows, probably wasn’t a shock for many people. Telstra said that the lowering of earnings (EBITDA) guidance for FY18 from a “range of $10.1 billion to $10.6 billion” to “the bottom end of the range” was caused by two main factors.

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