Share price of TLS: What Most People Get Wrong About Telstra in 2026

Share price of TLS: What Most People Get Wrong About Telstra in 2026

If you’ve spent any time looking at the Australian Securities Exchange recently, you know the share price of tls—Telstra Group Limited—is basically the "blue chip" benchmark that everyone loves to complain about. It’s like that reliable old sedan in your driveway. It’s not a Ferrari, and it’s certainly not some high-flying tech startup that’s going to double your money overnight, but it gets you where you need to go.

Honestly, though? Most people look at the ticker and see a stock that’s just "stuck." As of mid-January 2026, the share price of tls is hovering around the $4.80 to $4.85 mark. If you look at the charts from early 2026, you’ll see it dipped a tiny bit—down about 1.4% since the year started—but it’s a far cry from the volatility we see in the mining or banking sectors.

The Reality Behind the Share Price of TLS Right Now

People get frustrated because the price seems to crawl. But here is the thing: Telstra isn't trying to be a growth monster. It’s a cash machine. At the 2025 Annual General Meeting, CEO Vicki Brady was pretty upfront about what the company is aiming for in the 2026 financial year. They’re looking at an underlying EBITDAaL (that’s basically profit after the "boring" lease stuff is handled) between $8.15 billion and $8.45 billion.

That’s growth. Not "to the moon" growth, but a steady 5% to 10% increase in cash EBIT compared to last year. Most of that is coming from the mobile division. While everyone else is fighting over NBN margins that are thinner than a sheet of paper, Telstra is raking it in from 5G. They now cover 91% of the Australian population. That’s a massive moat.

Why the "Boring" Label is Actually a Lie

Investors often ignore the infrastructure. Telstra has been pouring money—we’re talking $0.3 billion to $0.5 billion—into their Intercity Fibre Network. This isn't just about making your Netflix load faster. It’s about the backend of the entire Australian internet.

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When you look at the share price of tls, you aren't just buying a phone company. You're buying:

  • A massive network of physical fibre cables across the continent.
  • A dominant 91% 5G footprint.
  • A reliable dividend payer that currently yields around 4.1% (or closer to 5.9% if you factor in those lovely franking credits).

What the Experts are Actually Saying

If you check the latest notes from analysts at places like CMC Markets or Jarden, the consensus is surprisingly "Hold-ish." Most price targets for the next 12 months are sitting right around the $5.00 mark.

Tristan Harrison over at The Motley Fool recently pointed out that a $10,000 investment in Telstra today could reasonably be worth over $10,700 in a year when you include the dividends. That’s a 7% total return. Is it going to make you rich? No. Is it going to beat the pants off a savings account? Almost certainly.

The Competition is Heating Up (Again)

It's not all smooth sailing. Companies like Aussie Broadband and Superloop are nipping at Telstra’s heels. Jarden recently noted that Telstra is starting to "unbundle" modems and drop some of its premium pricing to stay competitive. Basically, they're getting into the mud to fight for customers.

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That’s a double-edged sword for the share price of tls. On one hand, it protects their market share. On the other, it can eat into those profit margins that investors love so much.

Actionable Insights for Your Portfolio

If you're staring at the share price of tls wondering whether to click "buy" on your CommSec or Pearler account, you've gotta ask yourself what kind of investor you are.

Don't buy TLS if:

  • You want 20% gains in six months.
  • You’re terrified of "dead money" periods where the price doesn't move for weeks.
  • You think the NBN is the future of the company (it's not; mobile is).

Consider buying TLS if:

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  • You want a reliable income stream via franking-credited dividends.
  • You want a defensive stock to balance out your "risky" tech or mining bets.
  • You believe that 5G monetization and enterprise data are the real winners in the next three years.

The 2026 Outlook

Looking ahead to the half-year results on February 19, 2026, the market is going to be laser-focused on one thing: ARPU (Average Revenue Per User). If Telstra can keep nudging those mobile plan prices up without people jumping ship to Optus or TPG, the share price will likely break that $5.00 resistance.

The share price of tls remains the ultimate "sleep at night" stock for the Aussie market. It’s not flashy, it’s not trendy, but in a world where everything else feels like a gamble, there’s something to be said for the company that owns the pipes.

Next Steps for Investors

Keep an eye on the February 19 results. Specifically, look for the "Post-T25" strategy updates. The company has finished its big transformation, and now it’s all about efficiency. If they announce a share buyback or a dividend hike beyond the projected 20 cents per share, expect a quick jump in the ticker. Until then, treat it as a cornerstone, not the whole building.

Check your current portfolio allocation to the telecommunications sector. Most experts suggest a 5-10% cap on any single industry-specific stock like Telstra to ensure you aren't over-leveraged if a regulatory change hits the NBN or mobile spectrum rules.