The Telstra Group Ltd (ASX: TLS) share price has risen an impressive 24% in the last six months, as the chart below shows. When a share price rises significantly in a short amount of time, the valuation may be less attractive. I still think Telstra is an appealing business to invest in.

Telstra is a leader of telecommunications in Australia, but I wouldn’t buy it just because of that. If a sector leader doesn’t have a strong economic moat and/or invest to stay ahead, then it could lose its lead.

With that in mind, I think Telstra could be a strong performer from here in the coming years.

Connected Future 30