Telecom Corporation of New Zealand
Stock Code
Stock Exchange
Telecom Corporation of New Zealand (TEL) is the principal supplier of information technology and telecommunications services in New Zealand and in Australia. The services this company provides range from local, national to international cellular, leased circuits, directories, paging, data communications, mobile radio and telecommunications equipment distribution. TEL was listed on the Australian Stock Exchange on the 15th of August 1994. Its average annual revenue reaches approximately NZ$5 million.
New Zealand based telecommunications carrier, Telecom Corporation NZ (ASX:TEL) have released their full year financial results for FY 2012 to the ASX stockmarket.
- Telecom N.Z. net profit $NZ1.2 billion (AUD$933 million), compared with a net profit of $NZ164 million in the previous corresponding period.
- Revenue Telecom Corporation NZ for the year was $NZ4.5 billion, down 8.9 percent.
Study the historical dividends for TELECOM CORPORATION OF NEW ZEALAND LIMITED. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive TEL dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the TEL dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.
Credit Suisse has rated the Telecom Corporation of New Zealand (TEL) stock as Neutral. The result given in the last week was in line with broker expectations and view that ongoing regulatory challenges will continue to weight the on the stock price.
ABN Amro have upgraded their recommendation from Sell to Hold for the Telecom Corporation of New Zealand (TEL) stock with a share price target of NZ$4.15 from NZ$4.20. The broker's upgrade in recommendation reflects the share price now being in line with its valuation, which has been revised to reflect the new regulatory environment the company faces.
Merrill Lynch has rates the Telecom Corporation of New Zealand (TEL) stock as Sell, Low Risk given the double digit share price decline since the NZ government announced a change in the regulatory environment. There is still downside risk apprarent from their mobile operations. Worst case scenario is the DCF valuation of NZ$3.70.
Credit Suisse has rated the Telecom Corporation of New Zealand (TEL) stock as an Upgrade to Neutral. Credit Suisse has previously had an Underperform rating following uncertainties over the NZ regulatory environment. On the basis of a 15.1 per cent fall since May 3, Credit Suisse have upgraded their recommendation to Neutral from Underperform. Telecom Corporation of New Zealand is listed on the Australian Stock Exchange under stock code TEL. Check your charts.
The loser of last week was the Telecom Corporation of New Zealand (TEL), down 17 per cent after some concerns about the impact of new New Zealand Government regulations. Telecom Corporation of New Zealand is listed on the Australian Stock Exchange (ASX) under stock code TEL. Check your charts
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