TLS – Macquarie rates the stock as Neutral

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Analysts had a look at possible scenarios regarding the upcoming sale of Telecom New Zealand’s Yellow Pages Group. The conclusion is that whether Telstra wins or not, there would seem little reason to get excited about it as an investor or current shareholder.

For Telecom NZ however the sale process could provide a nice boost to the bottom line.

Target price is $3.90. Current Price is $4.09. Difference: ($0.19) – (brackets indicate current price is over target). If TLS meets the Macquarie target it will return approximately -5% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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