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.
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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.