The Telstra Corporation Ltd (ASX:TLS) share price is losing ground

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TPG

The Telstra Corporation Ltd (ASX:TLS) share price has lost 1 cent or 0.32% to $3.09 in Thursday afternoon trade.

This continues the recent trend for the Telstra Corporation Ltd share price. The Telstra share price is down 16% so far this year. It traded as high as $3.75 earlier this year.

The share price of fellow telco TPG Telecom Limited (ASX:TPM) has lost 11.5% over the past 12 months. Last month the internet provider expected full-year underlying earnings to be between $825 million and $830 million, up from between $800 million and $815 million previously.

In February, Telstra Corporation Ltd posted revenue (excluding finance income) of $12,907 million and total income of $14,510 million for the six months ended December 31. This was an increase of 0.8% and 5.9%, respectively, on the prior corresponding period.

Today, the Telstra Corporation Ltd share price remains unchanged as it comes on a relatively flat day for the stock market, with the S&P/ASX 200 Index losing 10 points to trade at 5,912. So far in 2018, the benchmark index is flat for the year.

Telstra Corporation Ltd has a market capitalisation of around $36.9 billion.

From a valuation perspective, Telstra Corporation Ltd trades on a price to earnings (P/E) ratio of around 10 times earnings.

Over the past 12 months Telstra has paid dividends of 26.5 cents per share. Telstra Corporation Ltd shares trade on a trailing fully franked dividend yield of around 7.4%.  

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Bruce Jackson has 30 years of hands on investing experience. He is passionate about stock market investing, running his own portfolio and SMSF. His focus is on small cap growth stocks. You can contact Bruce at brucej@thecapitalclub.com.au