Telstra (ASX:TLS) share price on watch after NBN news
The Telstra share price is on watch on NBN news.
Tristan Harrison has been a contributor to The Motley Fool since October 2016. He has an advanced diploma from the Association of Accounting Technicians (UK) and is currently studying to be a Chartered Institute Management Accountant. Tristan s goal is to help Australians learn about the great businesses listed on the ASX that will help grow their portfolio, wealth and confidence about investments over the long term. He s a keen tennis fan and can t wait for the next Australian Open to roll around.
Here are the 5 best ASX telecom shares of the 2021 financial year
We’ve come a long way since rotary phones and operator assisted calls.
Bernd Struben earned his economics degree in the US. Following several years writing about the tourism industry in the Caribbean, he moved to The Netherlands to cover the EU s booming commercial real estate markets. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. He employs a combination of macro economics and company specific data to gauge what he believes are tomorrow s best investments. In his free time, you re likely to find Bernd at the beach or dabbling away on a new work of science fiction.
Why the Aussie Broadband (ASX:ABB) share price is lifting today Brooke Cooper
The
At the time of writing, shares in Aussie Broadband are trading 0.75% higher than yesterday’s close at $2.67. During morning trade, the Aussie Broadband share priced jumped by more than 11% before retreating to its current level.
The telecommunications company also announced it has lowered its guidance on the number of residential connections it expects to see added to its network in 2021.
Finally, Aussie Broadband has named the first customer for its new white label solution and updated the market on its optic fibre rollout.
Let’s take a closer look at the company’s news.
Image Source: Getty Images
Many of Australia’s top brokers have been busy once again adjusting their estimates and recommendations. This has led to the release of a number of broker notes.
Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:
According to a note out of
Shaw & Partners, its analysts have retained their
buy rating and lifted their price target on this broadband provider’s shares to $3.33. The broker appears pleased with the company’s decision to allow retail brands to sell its internet services under their own name. And while it notes that the company hasn’t disclosed margins, it expects them to be in line with core expectations. Overall, it sees this offering as a potential growth catalyst. The Aussie Broadband share price is up 4% to $3.20 today.
Why is the Macquarie Telecom (ASX:MAQ) share price down today?
Marc Sidarous | March 4, 2021 4:16pm |
More on: Image source: Getty Images
Macquarie Telecom Group Ltd(ASX: MAQ) shares headed lower today, falling 3.35% to $46.97 by the market’s close.
Just one of many companies that have taken a hit in today’s ASX market slump, the Macquarie Telecom share price slide also comes on the heels of news the telecom service provider has signed a new deal with Optus.
Let’s take a closer look at the company’s new agreement.
Macquarie Telecom just said ‘yes’
Telstra Corporation Ltd(ASX: TLS), in favour of Optus.