TPG Telecom (ASX:TPG) share price storms higher on insider buying news
James Mickleboro | May 12, 2021 3:36pm |
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In afternoon trade, the telco giant’s shares are up almost 4% to $5.28.
Despite this gain, the TPG share price is still down a disappointing 25% since the start of the year.
This compares to a 15% gain by arch-rival
Telstra Corporation Ltd(ASX: TLS) and a 5% gain by the
Why is the TPG share price underperforming?
The main catalyst for the weakness in the TPG share price this year was the shock news that its Founder and Chairman, David Teoh, resigned from the company with immediate effect in March.
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Australia’s top brokers have been busy adjusting their estimates and recommendations once again. 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
Macquarie, its analysts have retained their
outperform rating and $31.00 price target on this retail conglomerate’s shares. The broker has been looking at the UK market and was pleased to see strong retail sales growth following the reopening of the economy. Overall, it believes this demonstrates how Premier Investments is well-placed to benefit from a combination of the global economic reopening and organic growth. The Premier Investments share price is fetching $25.56 today.
atulpmrMay 11, 2021
Persistence Market Research projects –
The future of global telecommunication industry will witness higher adoption of complex information systems which will facilitate speedy data convergence
System integrators will play a key role in compiling information emanating from multiple and advanced telecommunication network standards
Integration of business support systems (BSS) and operation support systems (OSS) will boost the support for end-to-end telecommunication services and bring forth some improved customer management solutions
Owing to rising urban population, growing strength of telecom networks, brimming data transference, and deployment of advanced technologies, the demand for system integration in telecommunication continues to surge in regions namely, Asia-Pacific, Latin America, Europe, Middle East and Africa. A latest study published by Persistence Market Research has estimated that the market for system integration in telecommunications across
There are some
S&P/ASX 200 Index (ASX: XJO) shares that have quite high dividend yields whilst also offering investors the potential of long-term growth.
Not every ASX 200 share has been growing their dividend. Many ASX 200 companies cut the dividend in 2020. Whilst others, like
Telstra Corporation Ltd (ASX: TLS), are just maintaining the dividend each year.
These two have a track record of growing their ordinary dividends for shareholders:
Rural Funds has increased its distribution every year since it listed several years ago. At the current share price, Rural Funds has a FY21 distribution yield of 4.6%.
The ASX 200 business is a real estate investment trust (REIT) that owns farmland across Australia. It’s invested in variety of sectors – cattle, vineyards, almonds, macadamias and cropping (cotton and sugar).