The
Telstra Corporation Ltd(ASX: TLS) share price has been one of the best performing out of the top 50 ASX-listed shares so far in 2021. On a year-to-date (YTD) basis the telecommunications company has delivered a return of ~25%.
While such returns are truly exceptional for an ASX-listed blue-chip share, Perennial Value Management is betting on even better things to come.
Promising future for Telstra share price
Perennial discussed the prospects of the well-known telco in its June monthly report. Telstra holds a spot in the Perennial Value Australian Shares Trust, a trust fund that is geared towards ‘value’ orientated ASX shares.