Published on 24 Oct 2022 on Simply Wall St. via Yahoo Finance
Telstra Corporation Limited (ASX:TLS) On An Uptrend: Could Fundamentals Be Driving The Stock?
Telstra's (ASX:TLS) stock up by 2.1% over the past month. As most would know, long-term fundamentals have a strong correlation with market price movements, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Particularly, we will be paying attention to Telstra's ROE today.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
View our latest analysis for Telstra