The telecommunications giant has hit yet another 12-month high today.
The post The Telstra (ASX:TLS) share price has already hit multiple 52-week highs this year. What’s happening? appeared first on The Motley Fool Australia. –
The Telstra share price has hit 3 52-week highs so far this year
The stock is currently trading for 1.4% more than it was at the end of 2021
Its gains have come despite its home sector’s struggles
The Telstra Corporation Ltd (ASX: TLS) share price has had a strong start time to 2022.
Since the year began, it’s hit its 52-week high 3 times, pushing it higher on 2 occasions.
Excitingly, the Telstra share price reached a new 52-week high of $4.28 today.
Though, at the time of writing, it has slipped slightly lower to trade at $4.24, still representing a 0.47% gain.
For context, the S&P/ASX 200 Index (ASX: XJO) is down 0.92% right now.
What’s going on with the Telstra share price in 2022?
The Telstra share price is in the green for this year so far. Not to mention, its stock has been flying off the shelves.
Of the 8 trading sessions of the year so far – not including today’s –Telstra has featured in The Motley Fool Australia’s daily breakdown of the most traded ASX 200 shares 5 times.
On top of that, the telecommunication giant’s shares have been significantly outperforming its sector.
While there’s been no price-sensitive news from Telstra in January, brokers remain bullish on its share price.
Should you invest $1,000 in Telstra right now?
Before you consider Telstra, you’ll want to hear this.
Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Telstra wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
*Returns as of January 13th 2022
Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Aussie Broadband Limited. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Aussie Broadband Limited, SEEK Limited, and TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.