Telkom SA SOC Limited (JSE: TKG) is one of the prominent telecommunications providers in South Africa, offering a range of services across wireline and wireless platforms. As a company listed on the Johannesburg Stock Exchange (JSE), its share price is closely monitored by investors, traders, and analysts.

Current Telkom Share Price

As of October 1, 2024, Telkom’s share price is R26.20, reflecting a slight decrease of -0.57% from the previous close of R26.35. The stock opened at R26.33 today, and so far, it has traded within a range of R25.68 – R26.83. The bid price stands at R25.70, with an offer at R27.00. With a trading volume of over 1.6 million shares, this activity is above the average daily volume of approximately 1.2 million shares, indicating heightened market interest.

Telkom’s Share Price Performance

When examining Telkom’s share price over various timeframes, we can see mixed performance:

• Over the last 7 days, the stock is down by -1.53%.
• In the past 30 days, Telkom has seen a larger dip of -6.76%.
• However, in the last 90 days, the stock posted a positive gain of 9.75%.
• Over the past 6 months, it has lost -12.17%, and year-to-date (YTD), the stock is down by -11.4%.
• Looking at the 1-year performance, Telkom is up by 13.38%, though this must be contrasted with a 5-year decline of -62.4%.

This long-term downtrend suggests a challenging period for the company, although the recent 1-year recovery may indicate some optimism among investors. Telkom’s market movements are influenced by several factors including financial results, industry developments, and broader economic conditions.

Telkom Share Price in Context: Key Financials and Market Position

Telkom operates across 38 African countries, providing essential communication services. Given its market position, the share price is impacted by a range of factors, including:

• Company earnings: Annual and quarterly financial reports are significant in shaping investor sentiment.
• Telecommunications industry trends: Shifts in technology, competition from rivals like MTN and Vodacom, and regulatory changes all affect Telkom’s performance.
• South African economy: Economic stability, inflation, and currency fluctuations can influence the share price, particularly as Telkom generates substantial revenue within South Africa.

Historical Share Price Analysis

For investors interested in the historical performance of Telkom’s share price, the stock has shown volatility. In the past year, it has ranged from a low of R20.40 to a high of R31.44, which showcases the swings in investor sentiment and market conditions.

Should You Invest in Telkom Shares?

Investing in Telkom requires a balanced view of both its growth potential and the risks involved. The company’s recent -39.7% drop over 3 years highlights significant challenges, but the 1-year gain of 13.38% may offer hope of recovery. For investors looking to add Telkom to their portfolio, it’s important to consider:

• Dividends: Telkom offers dividends, and understanding their history could add value to an investment decision.
• Market forecasts: Analysts’ consensus forecasts can provide insight into expected share price movements and company growth.
• Financial performance: Keep track of Telkom’s financial statements, particularly in the wake of their upcoming earnings releases.

Where to Find the Latest Telkom Share Price Information

For real-time updates on Telkom’s stock, including historical performance, market cap, and financial news, visit Moneyweb’s Telkom share price page.