Is the Telstra share price a buy right now?
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The Telstra Group Ltd (ASX: TLS) share price has risen more than 26% in the last four months, as the chart below shows. It’s possible the ASX telco share may still be undervalued.
At a time when there is heightened uncertainty, a defensive ASX share like Telstra could be particularly appealing.
But, I’m not expecting Telstra’s profits to be flat in the next few years, I’m expecting considerable growth from the ASX telco share.
While the business has risen significantly, I think there is scope for further growth when the market sees the company deliver on its potential. I’m confident on the business for three reasons.
Growing number of users
Telstra is Australia’s leading telco, with its network having the…
