Telstra is ready to bounce.


Telstra had difficult last few years. The current management looks under pressure and trying to make some big changes. Management announced that they are going to cut $2.5 billion from the costs. Telstra's market cap is $33 Billion and Income of FY2019-2020 was $26 billion and profit was just about $1.8 billion. Considering the numbers Telstra(TLS:ASX) looks quiet undervalued in my opinion. I have analyzed Telstra's chart and looks like it is ready bounce back. Telstra launched 4G in June 2010 after that share price continuously went up for years, as you know Apple has launched iPhone 12 with 5G and Telstra has already started selling 5G plans now. I am expecting Telstra's income to go up in coming months. The Current share price of Telstra is cheap to buy, hold and receive dividend in my opinion. (Disclaimer: This is not a financial advice. Please do your own research and take decision)