Citi turns bull on Telstra, expecting EBITDA upside
Telstra was upgraded to bullish by Citi, which expects EBITDA to top market expectations, citing stronger cost control. Citi also sees Telstra positioned for 5% year-over-year growth in mobile services.
Telstra gains a bull in Citi, which thinks its Ebitda--or earnings before interest, taxes, depreciation and amortization--could top market expectations because of stronger cost control.
Citi also views Australia's largest telco as being well placed to deliver 5% year-over-year growth in mobile serv…