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%.