Will Subsea Cables Save The Telstra (ASX:TLS) Share Price?

Telstra is Australia’s largest and oldest telecommunications business, … the Australian Government sold Telstra to Australian investors via the ASX.

Could subsea cables save the Telstra Corporation Ltd (ASX: TLS) share price?

Telstra is Australia’s largest and oldest telecommunications business, having built the first telegraph line in 1854. Today, it provides more than 17 million retail mobile services, nearly 5 million retail fixed voice services (e.g. home phones) and 3.6 million broadband services.

It also has operations stretching across eHealth, network applications and subsea cabling. Starting in 1997 (until 2006), the Australian Government sold Telstra to Australian investors via the ASX. The second batch of Government share sales, called “T2”, was conducted in 1999 at $7.40 per share.

Telstra’s subsea cables

Telstra is committing to a major upgrade of its submarine cable network according to the Australian Financial Review.

Australia’s largest telecommunications business has cables that run from Australia to many countries in the Asia Pacific region including to the United States of America.

Telstra will use US business Infinera to upgrade its huge network of submarine cables, which should increase the capacity of the cables by 160% whilst lowering the power usage.

These cables are important for the high volume of data from services like Netflix and Youtube. Around 40% of all Asian data traffic may be transmitted on Telstra’s cables, which is valuable.

It’s good to see that Telstra is continuing to develop its ‘InfraCo’ infrastructure business. Telstra doesn’t have to rely on just job cuts to send its profit higher. Initiatives such as huge data packs and soon-to-be-released 5G phones could boost profit over the next few years.

However in the meantime, the NBN is still causing damage to Telstra’s profit margins so it’s not all good news. Competition from peers like TPG Telecom Ltd (ASX: TPM) and Amaysim Australia Ltd (ASX: AYS) is really heating up.

Is the Telstra share price a buy today?

Some value investors believe that Telstra now represents good value, even if its earnings take a hit in FY19. Some analyst estimates put Telstra’s earnings dropping by at least 25% in FY19, so it could be valued at around 13 times FY19’s earnings.

There some compelling reasons to buy Telstra, such as 5G, automated cars and the Internet of Things. However, until we find out what the pricing structure of those services is I can’t see sustainable growth of Telstra’s bottom line. There may be more reliable ASX shares out there for your portfolio such as the ones mentioned in the free report below.

3 defensive ASX shares potentially better than Telstra

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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).

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Whirlpool Co. (NYSE:WHR) Stake Boosted by LPL Financial LLC

Bridgewater Associates LP increased its stake in shares of Whirlpool by 881.4% in the 3rd quarter. Bridgewater Associates LP now owns 132,246 …

Whirlpool logoLPL Financial LLC grew its holdings in Whirlpool Co. (NYSE:WHR) by 35.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,124 shares of the company’s stock after buying an additional 4,732 shares during the period. LPL Financial LLC’s holdings in Whirlpool were worth $2,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WHR. Jefferies Group LLC increased its stake in shares of Whirlpool by 341.2% in the 3rd quarter. Jefferies Group LLC now owns 31,244 shares of the company’s stock valued at $3,710,000 after purchasing an additional 24,162 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Whirlpool in the 3rd quarter valued at $746,000. Bridgewater Associates LP increased its stake in shares of Whirlpool by 881.4% in the 3rd quarter. Bridgewater Associates LP now owns 132,246 shares of the company’s stock valued at $15,704,000 after purchasing an additional 118,771 shares during the last quarter. Primecap Management Co. CA increased its stake in shares of Whirlpool by 36.1% in the 3rd quarter. Primecap Management Co. CA now owns 7,650,140 shares of the company’s stock valued at $908,454,000 after purchasing an additional 2,030,902 shares during the last quarter. Finally, Raymond James Trust N.A. increased its stake in shares of Whirlpool by 2.3% in the 3rd quarter. Raymond James Trust N.A. now owns 28,960 shares of the company’s stock valued at $3,439,000 after purchasing an additional 661 shares during the last quarter. 92.30% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Whirlpool from a “buy” rating to a “hold” rating in a research note on Saturday. Credit Suisse Group reissued a “neutral” rating and set a $125.00 price objective on shares of Whirlpool in a report on Wednesday, November 28th. They noted that the move was a valuation call. Goldman Sachs Group began coverage on Whirlpool in a report on Tuesday, October 2nd. They set a “sell” rating and a $107.00 price objective on the stock. JPMorgan Chase & Co. downgraded Whirlpool from an “overweight” rating to a “neutral” rating in a report on Tuesday, October 9th. Finally, MKM Partners set a $146.00 price objective on Whirlpool and gave the company a “hold” rating in a report on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $144.88.

WHR traded up $1.54 during midday trading on Monday, hitting $127.06. 779,268 shares of the company were exchanged, compared to its average volume of 643,137. The company has a market capitalization of $8.11 billion, a PE ratio of 9.25, a PEG ratio of 0.77 and a beta of 1.54. Whirlpool Co. has a 1-year low of $99.40 and a 1-year high of $187.47. The company has a current ratio of 0.87, a quick ratio of 0.58 and a debt-to-equity ratio of 1.44.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, October 24th. The company reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.79. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.34 billion. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.83 EPS. Equities research analysts predict that Whirlpool Co. will post 14.59 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Modern Readers and is the sole property of of Modern Readers. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.modernreaders.com/news/2019/01/21/lpl-financial-llc-increases-stake-in-whirlpool-co-whr.html.

Whirlpool Profile

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company’s principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.

Further Reading: Compound Interest and Why It Matters When Investing

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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In-Flight Wi-Fi Services Market 2019 – Key Trends Analysis and Precise Growth Outlook: Echostar …

In-Flight Wi-Fi Services Market 2019 – Key Trends Analysis and Precise Growth Outlook: Echostar Corporation, Sitaonair, Thales Group, Kymeta …

Recently Published market study “Global In-Flight Wi-Fi Services Market Size, Status And Forecast 2019-2025” in-depth analysis of the market state and also the competitive landscape globally.

In 2018, the global In-Flight Wi-Fi Services market size was 3900 million US$ and it is expected to reach 13100 million US$ by the end of 2025, with a CAGR of 16.3% during 2019-2025.

In-flight Wi-Fi refers to onboard internet service provided on aircraft, which can be accessed by passengers via personal electronic devices such as smartphones, tablets and laptops. Globally, the in-flight Wi-Fi market is witnessing significant growth due to increasing consumer inclination towards high bandwidth applications such as on-demand video streaming, watching high definition videos and surfing media-rich web pages while travelling by flight, especially in developed regions.

Airlines are increasingly switching towards the better Wi-Fi services, mainly satellite-based broadband services which deliver high internet speed. Airlines are now increasingly replacing their existing systems with better Wi-Fi system, in order to meet with changing passenger’s demands, and there are different types of Wi-Fi systems available depends upon the types of aircraft. In 2017, various airlines have upgraded their existing Wi-Fi systems for better speed and connectivity.

Key trend which is expected to have predominantly effect the market in coming year in In-Flight Wi-Fi market is growth in number of air travelers and Wi-Fi connectivity preferences. In-Flight Wi-Fi allows air passengers to get online, do basic browsing, to get connected using cell phones via voice calls, emails, and SMS or MMS. Currently, there is an increase in the number of business and general air travelers.

This research report categorizes the global In-Flight Wi-Fi Services market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.

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Man Group plc Has $6.55 Million Holdings in Dover Corp (DOV)

Man Group plc grew its position in Dover Corp (NYSE:DOV) by 64.4% in the 3rd quarter, according to the company in its most recent 13F filing with the …

Dover logoMan Group plc grew its position in Dover Corp (NYSE:DOV) by 64.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,924 shares of the industrial products company’s stock after buying an additional 28,954 shares during the period. Man Group plc owned 0.05% of Dover worth $6,545,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DOV. JPMorgan Chase & Co. lifted its holdings in Dover by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,827,415 shares of the industrial products company’s stock worth $781,489,000 after buying an additional 288,630 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Dover by 15.9% in the 2nd quarter. Bank of America Corp DE now owns 5,304,419 shares of the industrial products company’s stock valued at $388,283,000 after purchasing an additional 726,930 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Dover by 5.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,380,997 shares of the industrial products company’s stock valued at $210,788,000 after purchasing an additional 129,276 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Dover by 15.2% in the 2nd quarter. Northern Trust Corp now owns 2,323,795 shares of the industrial products company’s stock valued at $170,101,000 after purchasing an additional 306,116 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Dover by 13.2% in the 3rd quarter. Alliancebernstein L.P. now owns 2,036,751 shares of the industrial products company’s stock valued at $180,314,000 after purchasing an additional 238,123 shares in the last quarter. 90.71% of the stock is owned by institutional investors and hedge funds.

DOV has been the topic of several research reports. Bank of America raised their price objective on shares of Dover from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Oppenheimer reissued a “hold” rating on shares of Dover in a research report on Monday, October 22nd. UBS Group raised shares of Dover from a “neutral” rating to a “buy” rating and set a $76.35 price objective on the stock in a research report on Thursday, January 10th. Gordon Haskett initiated coverage on shares of Dover in a research report on Friday, October 12th. They set a “buy” rating on the stock. Finally, Barclays raised their price objective on shares of Dover from $96.00 to $97.00 and gave the stock an “overweight” rating in a research report on Friday, October 19th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Dover presently has an average rating of “Hold” and a consensus price target of $89.18.

Shares of Dover stock traded up $1.63 during trading on Monday, hitting $80.69. 1,011,167 shares of the stock were exchanged, compared to its average volume of 1,058,062. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 1.30. Dover Corp has a 12 month low of $65.83 and a 12 month high of $90.26. The firm has a market capitalization of $11.81 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.19 and a beta of 1.39.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, October 18th. The industrial products company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.29 by $0.07. Dover had a return on equity of 21.22% and a net margin of 9.69%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, sell-side analysts forecast that Dover Corp will post 4.84 earnings per share for the current year.

In related news, Director Mary A. Winston sold 2,000 shares of Dover stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $82.29, for a total value of $164,580.00. Following the completion of the sale, the director now directly owns 13,055 shares in the company, valued at $1,074,295.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.60% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was posted by Fairfield Current and is the property of of Fairfield Current. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.fairfieldcurrent.com/news/2019/01/21/dover-corp-dov-shares-bought-by-man-group-plc.html.

About Dover

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

See Also: How To Calculate Debt-to-Equity Ratio

Institutional Ownership by Quarter for Dover (NYSE:DOV)

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AQR Capital Management LLC Sells 19511 Shares of Thomson Reuters Corp (NYSE:TRI)

Bridgewater Associates LP raised its stake in shares of Thomson Reuters by 16.6% during the 3rd quarter. Bridgewater Associates LP now owns …

Thomson Reuters logoAQR Capital Management LLC trimmed its stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,285 shares of the business services provider’s stock after selling 19,511 shares during the quarter. AQR Capital Management LLC owned 0.08% of Thomson Reuters worth $20,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRI. Deutsche Bank AG raised its stake in Thomson Reuters by 13.8% during the 3rd quarter. Deutsche Bank AG now owns 683,260 shares of the business services provider’s stock valued at $31,207,000 after acquiring an additional 82,605 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Thomson Reuters during the 3rd quarter worth approximately $190,000. Bridgewater Associates LP raised its stake in shares of Thomson Reuters by 16.6% during the 3rd quarter. Bridgewater Associates LP now owns 124,094 shares of the business services provider’s stock worth $5,658,000 after buying an additional 17,693 shares in the last quarter. Northern Trust Corp raised its stake in shares of Thomson Reuters by 4.8% during the 2nd quarter. Northern Trust Corp now owns 516,102 shares of the business services provider’s stock worth $20,809,000 after buying an additional 23,457 shares in the last quarter. Finally, Stevens Capital Management LP raised its stake in shares of Thomson Reuters by 209.3% during the 3rd quarter. Stevens Capital Management LP now owns 75,764 shares of the business services provider’s stock worth $3,461,000 after buying an additional 51,267 shares in the last quarter. 33.41% of the stock is owned by hedge funds and other institutional investors.

NYSE:TRI traded up $0.42 during mid-day trading on Monday, hitting $50.89. The company had a trading volume of 536,765 shares, compared to its average volume of 603,041. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 2.45. Thomson Reuters Corp has a 1 year low of $40.25 and a 1 year high of $54.15. The firm has a market capitalization of $25.70 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 4.47 and a beta of 0.54.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. Thomson Reuters had a return on equity of 6.10% and a net margin of 16.21%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company posted $0.27 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Thomson Reuters Corp will post 0.64 EPS for the current year.

A number of equities research analysts recently weighed in on the company. Bank of America restated a “neutral” rating and issued a $48.00 price target on shares of Thomson Reuters in a report on Wednesday, October 10th. Morgan Stanley set a $51.00 price target on Thomson Reuters and gave the stock a “buy” rating in a report on Monday, October 15th. Zacks Investment Research upgraded Thomson Reuters from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Wednesday, October 17th. Goldman Sachs Group assumed coverage on Thomson Reuters in a report on Thursday, October 18th. They issued a “neutral” rating on the stock. Finally, TD Securities restated a “buy” rating and issued a $69.00 price target on shares of Thomson Reuters in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Thomson Reuters has an average rating of “Hold” and an average target price of $52.91.

WARNING: “AQR Capital Management LLC Sells 19,511 Shares of Thomson Reuters Corp (NYSE:TRI)” was originally reported by Modern Readers and is the sole property of of Modern Readers. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.modernreaders.com/news/2019/01/21/aqr-capital-management-llc-reduces-position-in-thomson-reuters-corp-tri.html.

About Thomson Reuters

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

Featured Story: Determine Your Level of Risk Tolerance

Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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