Telstra guides to a strong FY20

Telstra (TLS) -1.78%; The big telco traded lower today but marginally outperformed the market. The big EBITDA miss was an anomaly, but the dividend was inline. The outlook was a beat for the first time in a while for Telstra. FY20 EBITDA expectations were $8.9b-$9.8b while expectations were at the lower end at $9.1b. The Telstra turnaround does seem to be on, but the share price has bolted early with the low yield environment supporting quality yield stocks.

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