TELSTRA CORPORATION (TLS) lifts dividend and reaffirms FY15 guidance

Bell Potter


TELSTRA CORPORATION (TLS) lifts dividend and reaffirms FY15 guidance. After excluding the $561 million profit on sale of CSL in 2014, Telstra's income and EBITDA guidance for 2015 is broadly flat. Telstra expects 2015 free cashflow of between $4.6 billion and $5.1 billion and capexto be around 14% of sales. Today's share price reaction: steady $6.49(11.31 am). Recommendation: Neutral rating likely to be retained. Read more here (VIEW LINK)

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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