Insights

The Telstra (ASX: TLS) share price just hit a new 52-week high

The telco giant is receiving a strong reception today…
The post The Telstra (ASX: TLS) share price just hit a new 52-week high appeared first on The Motley Fool Australia. –

The Telstra Corporation Ltd (ASX: TLS) share price has pipped its previous 52-week high today.

In early trade, the communications giant’s shares jumped to $3.61 – 3 cents above its previous high. However, the enthusiasm has since cooled off slightly.

At the time of writing, the Telstra share price is trading 2.56% higher for the day so far at $3.60.

Telstra’s latest announcement

Although not price sensitive, the company announced today that it will be solely listed on the ASX from 21 June 2021.

Telstra originally revealed its intentions to remove its New Zealand listing back in March. The rationale behind the decision is to simplify its administration processes and streamline its shareholder services.

Currently, investors can invest either via the ASX or the New Zealand stock exchange. However, from the close of business today, Telstra shares will delist from the main boards of NZX Limited (NZE: NZX). From next week, the only Telstra share price to be found will be on the ASX.

If you are a shareholder through the NZX, don’t fret. All Telstra shares will be automatically transferred across to the ASX over the weekend. If you require further information, there are more details provided on Telstra’s website.

Other recent events

Reportedly, Telstra and other large Australian companies will leave some of their employees to fund the 0.5% increase in superannuation at the start of the new financial year.

According to ABC News, a spokesperson for Telstra suggested around 5% of its workforce will have the increase taken from their base pay. The unlucky 5% were said to only comprise senior managers and executives.

Meanwhile, the rest of its employees are on enterprise agreements that will see their base pay maintained.

Telstra share price recap

The Telstra share price has swung with some volatility over the past year. Back in July last year, Telstra shares were going for $3.51. Then, they swiftly fell to $2.69 following a disappointing FY20 result. And now, after planned structural changes, the Telstra share price is trading back above $3.50 again.

Despite the resurgence, the company’s 1-year return of 12.7% is still underperforming the gains of the S&P/ASX 200 Index (ASX: XJO) over the past 12 months, which currently sit at 24.5%.

The post The Telstra (ASX: TLS) share price just hit a new 52-week high appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

ASX 200 up 0.5%: Altium guidance update, Afterpay & Zip jump

Here are the 3 most active ASX 200 shares today

Why Telstra (ASX:TLS) and this ASX dividend share could be buys
Here are 3 of the ASX 200’s most traded shares today

A Super-bad idea

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!