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Are you interested in adding some ASX growth shares to your portfolio this month? If you are, you may want to look at the ones listed below.

Both shares have been named as buys and tipped to climb materially higher from current levels. Here’s what you need to know about these growth shares:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is a leading appliance manufacturer which has been successfully expanding its presence globally in recent years.

This, together with the strength of its numerous brands (Breville, Sage, Kambrook, etc) and its investment in research and development, has underpinned solid sales and earnings growth for many years.

Pleasingly, more of the same is expected in the future thanks to these same factors. It is for this reason that the team at Macquarie has an outperform rating and $34.80 price target on its shares. Based on the current Breville share price of $25.18, this suggests that its shares could rise 38% over the next 12 months.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another growth share to look at is this pizza chain operator. It could be a top long term option for investors due to its strong brand, investment in technology, and bold expansion plans.

The latter plans see Domino’s aiming to more than double its store network by FY 2033. It has also hinted that it is looking at making acquisitions, which could expand its addressable market even further.

Morgans is very positive on the company’s future and sees recent share price weakness as a buying opportunity. The broker has an add rating and $115.00 price target on its shares. Based on the current Domino’s share price of $80.71, this implies potential upside of 42% for investors.

The post 2 stellar ASX growth shares brokers say have huge upside potential appeared first on The Motley Fool Australia.

More reading

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• Experts name 3 excellent ASX shares for growth investors to buy
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• Experts name 2 stunning ASX growth shares to buy now
• Here are 3 ASX growth shares analysts are tipping as buys

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Investors that are looking for some new shares to buy might want to look at the blue chips listed below.

These two blue chip ASX 200 shares have been tipped to climb meaningfully higher from where they trade today. Here’s what you have to know about them:

CSL Limited (ASX: CSL)

The first ASX 200 share for investors to look at is CSL. It is one of the world’s leading biotechnology companies, comprising the CSL Behring and Seqirus businesses.

CSL is also aiming to acquire Vifor Pharma, which will expand its product portfolio and pipeline. Together with its billion-dollar per annum spend on R&D and improving plasma collections, CSL appears well-positioned for long term growth.

The team at Citi is positive on CSL and has a buy rating and $335.00 price target on its shares. Its analysts believe that plasma collections will bounce back beyond pre-pandemic levels this year, which it expects to be a big boost to investor sentiment.

The broker commented: “Over the next six months, we expect the market to focus on the strong underlying plasma market demand, and the closure the Vifor deal, both of which should lead to strength in the share price.”

Goodman Group (ASX: GMG)

Another blue chip ASX 200 share that is highly rated is Goodman. It is a global integrated commercial and industrial property company with a world class property portfolio.

Goodman’s high quality properties have exposure to key growth markets such as ecommerce and are in high demand with tenants. In addition, the company has a development pipeline which looks set to underpin further solid earnings growth in the coming years.

Citi is also positive on Goodman’s future. Its analysts currently have a buy rating and $29.50 price target on its shares. The broker expects Goodman to outperform its upgraded earnings guidance in FY 2022.

Its analysts commented: “We continue to see guidance as conservative, with our EPS estimates rising 5% in FY22 and c. 6% thereafter. We now forecast c. 23% EPS growth in FY22 and c. 19% EPS CAGR from FY21-FY24. Our TP increases 5% on higher asset values and higher earnings. GMG remains OUR top pick in the sector.”

The post 2 of the highest quality ASX 200 shares analysts are tipping as buys appeared first on The Motley Fool Australia.

More reading

• E-commerce is booming. Which ASX shares have exposure to warehouses?
• Why did the CSL share price go backwards in the March quarter?
• The CSL dividend is being paid today. Here’s what you need to know
• This ASX share changed me FOREVER: fund manager
• Here’s what $10,000 invested in CSL shares 5 years ago looks like now

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Experts are always looking for opportunities for investors to buy. ASX shares that have a lot of potential upside could be ideas to consider.

The two companies below are ones that experts think could rise significantly. They are both growing revenue at a double-digit rate and have plans for international growth.

With that in mind, here are two ASX shares that are rated as potential opportunities:

Baby Bunting Group Ltd (ASX: BBN)

Baby Bunting is a retailer of baby products such as prams, furniture, clothes, toys and so on. It has 64 stores and plans for more than 100 stores around Australia in various formats.

In the first half of FY22, Morgan Stanley noted that the company outperformed compared to expectations.

That half-year report showed total sales growth of 10% to $239.1 million, with online sales being 23.8% of sales. The gross profit margin increased 192 basis points to 39.3%. Pro forma net profit after tax (NPAT) increased by 16.4% to $12.5 million. The board increased its interim dividend by 13.8% to 6.6 cents.

The company expects to open its first Baby Bunting store in New Zealand early in the financial year 2023, and plans to open a network of at least 10 stores in the country.

The ASX share’s management is assessing the broader $5.1 billion baby goods market for future long-term growth opportunities, relative to its current $2.5 billion addressable market.

Morgan Stanley currently rates Baby Bunting a buy with a price target of $6.90. That implies a potential upside of around 40%. The Baby Bunting share price is valued at around 21x FY22’s estimated earnings.

Airtasker Ltd (ASX: ART)

Airtasker describes itself as “Australia’s leading online marketplace for local services, connecting people and businesses who need work done with people who want to work”. It says that it has enabled more than $1.7 billion in working opportunities and served more than 1.2 million unique paying customers.

Despite the FY22 first half being impacted by lockdowns in Melbourne and Sydney, the company achieved revenue growth of 10.4% year on year.

The ASX share sees business opportunities in the larger potential markets of the United Kingdom and the United States. Despite starting from a small base, Airtasker is growing quickly in both markets.

In the second quarter of FY22, Airtasker’s US marketplace saw posted task growth of 71% quarter on quarter. So far, the company is focusing on four key cities in the US: Atlanta, Kansas City, Dallas and Miami. However, the company is seeing additional Airtasker marketplaces emerging in ‘non-core cities’.

In the UK, Airtasker’s second-quarter gross marketplace volume (GMV) was up 121% year on year. It’s seeing both demand and supply increase in its marketplace. In the second quarter, posted tasks in the UK increased by 106% year on year.

Airtasker is currently rated as a buy by the broker Morgans, with a price target of $1.25. That implies a possible upside of around 120%. The broker thinks that the company has lots of long-term growth potential.

The post Buy these ASX shares with huge upside: experts appeared first on The Motley Fool Australia.

More reading

• Here are 3 small cap shares analysts rate as buys
• Airtasker (ASX:ART) has been listed for a year. Has it been up to the task?
• 2 ASX dividend shares analysts have named as buys
• Are these 2 compelling ASX shares buys in April 2022?
• Why analysts rate Westpac and this ASX dividend share as buys

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has recommended Baby Bunting. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re wanting some ASX 200 dividend shares to boost your income, then you may want to check out the two listed below.

Here’s why these dividend shares have been rated as buys recently:

Rio Tinto Limited (ASX: RIO)

The first ASX 200 dividend share to look at is Rio Tinto. This mining giant could be a top option thanks to the huge dividends it is being tipped to pay in the coming years.

This is being underpinned by booming commodity prices. With iron ore, aluminium, and copper prices all trading at sky high levels, Rio Tinto is expected to generate bumper free cash flow again in the near term.

Analysts at Goldman Sachs expect this to lead to Rio Tinto’s shares providing investors with yields in the region of 10% in both FY 2022 and FY 2023.

The broker also sees room for the mining giant’s shares to rise further from here. It has a buy rating and $131.50 price target on the company’s shares.

Super Retail Group Ltd (ASX: SUL)

Another ASX 200 dividend share that could be in the buy zone is Super Retail. It is the retail conglomerate behind the BCF, Macpac, Rebel, and Supercheap Auto brands.

The team at Morgans is very positive on the company and believes its recent share price weakness is a buying opportunity. Particularly with the broker forecasting some very big fully franked dividends in the coming years and significant upside potential for its shares.

Morgans has an add rating and $13.80 price target on its shares. As for dividends, it is expecting fully franked dividends of 59 cents per share in FY 2022 and 61 cents per share in FY 2023. Based on the current Super Retail share price of $10.38, this will mean yields of 5.7% and 5.9%, respectively.

The post 2 ASX 200 dividend shares analysts rate as buys appeared first on The Motley Fool Australia.

More reading

• What drove the Rio Tinto share price higher on Friday?
• 5 things to watch on the ASX 200 on Friday
• ASX 200 commodities players were the major winners in March. Take a look
• What sent ASX mining shares flaming higher in March?
• Analysts name 2 ASX dividend shares with 5%+ yields to buy this week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Super Retail Group Limited. The Motley Fool Australia owns and has recommended Super Retail Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) was out of form last week and edged into the red. The benchmark index fell 0.2% over the period to end at 7,478 points.

While a number of shares fell with the market, some fell more than others. Here’s why these were the worst performing ASX 200 shares last week:

AVZ Minerals Ltd (ASX: AVZ)

The AVZ share price was the worst performer on the ASX 200 last week with a 13.8% decline. This appears to have been driven by profit taking from traders after some major gains in recent weeks. For the same reason, Liontown Resources Limited (ASX: LTR) and Pilbara Minerals Ltd (ASX: PLS) shares recorded double-digit declines over the five days.

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas share price was out of form and sank 10.9% over the period. This may have been driven by weakness among battery material shares such as those above. In addition, Iluka Resources Ltd (ASX: ILU) announced that it will go ahead with phase three of the Eneabba Rare Earths Refinery in Western Australia. Iluka’s refinery will compete with Lynas and produce high value rare earth oxides neodymium, praseodymium, dysprosium and terbium.

Platinum Asset Management Ltd (ASX: PTM)

The Platinum share price wasn’t far behind with a 10.8% decline during the week. All of this decline came on Friday following the release of the fund manager’s latest funds under management (FUM) update. According to the release, Platinum’s FUM fell 7.9% or $1.7 billion in March to $19.442 billion. This was despite only recording net outflows of $222 million and the ASX 200 rising over 6% during the month.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price was a poor performer again last week and dropped a further 10.5%. This was despite the sports betting company announcing the launch of iGaming and sportsbook operations in Ontario, Canada. This positive news appears to have been offset by negative sentiment in the industry, which led to many of PointsBet’s global peers tumbling lower last week as well.

The post These were the worst performers on the ASX 200 last week appeared first on The Motley Fool Australia.

More reading

• These were the best performers on the ASX 200 last week
• Here are the top 10 ASX shares today
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Bond yields bounce past 3% for the first time since 2015. Here’s how the ASX 200 is responding
• Here’s why this ASX 200 share just dived 16% to an all-time low

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Does the BetaShares Nasdaq 100 ETF (ASX: NDQ) pay dividends? Good question. NDQ is a popular exchange-traded fund (ETF) here on the ASX. It is a rather unique fund in that it is the only ASX ETF available if an investor wants pure exposure to the NASDAQ-100 (NASDAQ: NDX).

The Nasdaq is the US exchange famous for hosting almost all of the US’s most well-known tech shares. You’ll find everything from Apple Inc (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT) and Amazon.com Inc (NASDAQ: AMZN) to Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL), Tesla Inc (NASDAQ: TSLA) and Netflix Inc (NASDAQ: NFLX) on the Nasdaq.

Thus, many ASX investors like to invest in NDQ to get an all-in-one investment that covers most of the US tech sector.

But does an ETF that covers the Nasdaq 100 like the one from BetaShares pay dividends?

Is the BetaShares Nasdaq 100 ETF a dividend payer?

For an ETF to pay dividend distributions, it usually needs to hold dividend shares itself in its underlying portfolio. As it happens, the Nasdaq 100 Index holds many such shares that consistently pay out dividends. As such, NDQ also does.

US tech shares don’t exactly have a reputation as strong dividend payers. This is, to some extent, fair. Many US tech shares, including Amazon, Tesla, Netflix, and Alphabet, have never paid a dividend.

However, quite a few of NDQ’s top holdings are dividend payers. Apple and Microsoft both dole out quarterly dividends. NVIDIA Corporation (NASDAQ: NVDA), another top holding in NDQ’s portfolio, is also a dividend share. As are Costco and Intel. PepsiCo. Yes, the company behind Pepsi-Cola is also a Nasdaq share and has been paying a dividend that has increased every year for the past 49 years. If PepsiCo hits a 50-year streak, it will become a fabled dividend king, one of the most exclusive stock market clubs in the world.

So yes, NDQ is a dividend distribution-paying ETF. But to what extent?

Well, the BetaShares Nasdaq 100 ETF usually pays out a dividend distribution every six months. According to the provider, this ETF currently (as of 31 March) has a trailing distribution yield of 3.7%. Since NDQ holds no ASX shares, no franking credits come attached.

NDQ units have had a rough 2022 thus far, hit by both market volatility and a rising Australian dollar. This ETF has lost 15% year to date, but remains up by almost 4% over the past 12 months. Over the past five years, the ETF has given investors a 147% return.

The post Does the Betashares Nasdaq 100 ETF pay dividends? appeared first on The Motley Fool Australia.

More reading

• Top ASX shares to buy in April 2022
• Here are 4 popular ETFs for ASX investors to check out
• Are these 2 ASX tech shares excellent buys right now?
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen owns Alphabet (A shares), Amazon, Apple, Costco Wholesale, Intel, Microsoft, Nvidia, PepsiCo Inc., and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Alphabet (A shares), Amazon, Apple, BETANASDAQ ETF UNITS, Costco Wholesale, Intel, Microsoft, Netflix, Nvidia, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Alphabet (C shares) and has recommended the following options: long January 2023 $57.50 calls on Intel, long March 2023 $120 calls on Apple, short January 2023 $57.50 puts on Intel, and short March 2023 $130 calls on Apple. The Motley Fool Australia owns and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Netflix, and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Although the S&P/ASX 200 Index (ASX: XJO) had a positive end to the week, it wasn’t enough to take it into positive territory. The benchmark index fell 0.2% over the period to end at 7,478 points.

Fortunately, not all shares dropped with the market. Here’s why these were the best performing ASX 200 shares last week:

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price was the best performer on the ASX 200 last week with a 24.3% gain. This was driven by the release of the fund manager’s latest funds under management (FUM) update. While Magellan reported another $1.1 billion of net fund outflows for the period between 11 March and 31 March, this was a big improvement on recent trends. And thanks to favourable market movements, Magellan’s total FUM actually increased by $0.9 billion despite these outflows.

Pendal Group Ltd (ASX: PDL)

The Pendal share price wasn’t too far behind with a 17.6% gain. The catalyst for this was news that rival Perpetual Limited (ASX: PPT) has made a takeover offer. According to the release, Perpetual put forward a $6.23 per share scrip and cash takeover proposal to acquire the fund manager. This valued Pendal at approximately $2.4 billion.

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price was on form and charged 12.3% higher. This followed news that the mining and mining services company will increase its lithium production in response to “unprecedented demand.” This went down well with analysts at Bell Potter, which responded by retaining their buy rating and lifting their price target on the company’s shares by 21% to $74.35.

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price was a positive performer and raced 12.3% higher. Paladin and other uranium shares were charging higher on Friday after uranium prices hit a decade high. This was driven by sanctions on Russia and news that the UK is planning to build up to eight nuclear reactors.

The post These were the best performers on the ASX 200 last week appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Magellan share price dips as Macquarie tips further outflows
• Bond yields bounce past 3% for the first time since 2015. Here’s how the ASX 200 is responding
• Why are ASX uranium shares having such a stellar end to the week?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Cryptos like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) continue to eke their way into mainstream acceptance.

While Australia hasn’t gone full tilt like El Salvador, where Bitcoin is legal tender, an increasing number of merchants are enabling customers to pay with Bitcoin, Ethereum, and other leading cryptos.

Yet when it comes to big ticket items, like Porsches or other luxury cars, Aussies have been forced to pay with good old fashioned fiat currency.

Until now.

How to buy your Porsche with Bitcoin

Whether your crypto wallet is virtually overflowing with Bitcoin, Ethereum or any of 30 some other cryptos, you can now swap those tokens for a luxury car at Melbourne-based Dutton Garage.

Yesterday, cryptocurrency exchange CoinSpot announced it was partnering with the luxury car retailer to enable Dutton Garage customers to buy vehicles with a wide range of cryptos.

You can choose to pay for your entire Porsche 911 with Bitcoin, or pay part in Aussie dollars and the rest in the cryptos of your choice.

Commenting on the move, CoinSpot chief product officer Gary Howells said:

As Australians continue to look for more ways to find value in their crypto investments, CoinSpot’s partnership with Dutton Garage symbolises our commitment to expanding the utility of crypto…

Increasing crypto’s utility is the key to driving mass adoption of what we believe is the future of finance. This partnership is only the beginning of CoinSpot’s ability to facilitate transactions within the luxury goods market.

Addressing the company’s acceptance of Bitcoin, Dutton Group chief technology officer Juv Jayaram added, “Working with CoinSpot has enabled our customers to access their crypto investments and transact with us in a seamless and transparent manner.”

How have the two top cryptos performed this year?

While inflation may be nibbling away at your cash holdings, the Aussie dollar has held up better than Bitcoin and Ethereum this year.

Bitcoin, the world’s biggest token by market cap, is down 8% since 1 January while the Ethereum price has lost 13%.

Of course, once you drive your brand new, crypto purchased Porsche off the lot, it’s likely to lose value too. At least initially.

The post Fancy buying a Porsche with Bitcoin or Ethereum? Here’s how you can appeared first on The Motley Fool Australia.

More reading

• Why Bitcoin, Ethereum, and Dogecoin are singing the blues today
• Bitcoin price tumbles overnight. What can crypto investors expect next in 2022?
• Own CBA shares? Here’s why the bank’s crypto rollout is facing delays
• How these top cryptos stacked up against Bitcoin and Ethereum in March
• Why Bitcoin, Ethereum, Dogecoin, and Shiba Inu are down today

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Bitcoin and Ethereum. The Motley Fool Australia owns and has recommended Bitcoin and Ethereum. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Woolworths Group Ltd (ASX: WOW) share price continued its upward trajectory for the month of March.

Its shares made a stunning turnaround when compared to the earlier months of 2022, surging by 5% in March.

In contrast, January led Woolworths shares on a decline of almost 10%, with February registering a mediocre gain of 3%.

What’s going on with Woolworths lately?

While the company hasn’t released any market-sensitive announcements since its half year results, investors appear confident in the outlook.

Previously, the group stated that the financial performance for H1 FY22 was materially impacted by the COVID-19 pandemic.

And while the company experienced strong sales growth for continuing operations, this was offset by $239 million of COVID costs. This was due to the outbreak at Woolworths’ stores and distribution centres from late last year to early 2022.

Notably, Woolworths shelves have been laid bare in stores across the country as a result of the staff shortages. This resulted in about 50% of delayed deliveries for major product lines.

However, with COVID-19 levels subsiding, this means that the group’s pandemic costs could in turn fall.

In addition, supply issues are likely to be resolved, with product limits removed and supermarket shelves stacked back to full again.

Management noted in the results that the first 7 weeks of 2022 led Australian food sales to increase by 5%.

Furthermore, assuming a normal operating environment during Q3, the company is forecasting an improved financial performance in the second half.

Is this a buying opportunity?

Since reporting its financial scorecard results, a number of brokers have weighed in on the Woolworths share price.

The team at Citi raised its price target by 3.3% to $40.30 for the retail conglomerate’s shares. This implies a potential upside of around 7% from where it trades today.

On the other hand, Macquarie analysts slashed Woolworths shares by 4.5% to $38.20 apiece. It appears that the broker thinks that the company’s shares price is almost fully valued.

Woolworths share price snapshot

It’s been a rollercoaster ride for Woolworths shares over the last 12 months, posting a small gain of around 2.5%.

Woolworths has a price-to-earnings (P/E) ratio of 5.76 and commands a market capitalisation of roughly $45.82 billion.

The post Price check: Why did the Woolworths share price push 5% higher in March? appeared first on The Motley Fool Australia.

More reading

• ASX market beater? Here’s how Coles shares performed during March
• Are Woolworths shares positioned for ‘a long-term, post-COVID trend?’
• Are Woolworths shares worth buying for their defensive properties?
• What’s the outlook for the Woolworths share price in April?
• Humans don’t change: Expert names 2 ASX shares that exploit our urges

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) had an extremely volatile start to 2022. Over the three months ending 31 March, the ASX 200 seesawed around but still managed to eke out a modest gain of 0.7%. But let’s dig deeper into one of ASX’s most prominent blue-chip shares, Telstra Corporation Ltd (ASX: TLS). 

Telstra is of course the giant telecommunications company that dominates both mobile and fixed-line communication services here in Australia. It has recently gained attention for its portfolio of valuable infrastructure assets, such as towers and cabling. As well as its expanding international portfolio of assets.

So how did Telstra fare in the March quarter?

Well the ASX 200 telco started the year at a share price of $4.18. But by the end of March, Telstra shares had fallen to $3.96. That’s a rather hefty drop of 5.26%.

Telstra did trade ex-dividend during this period though. So even though investors received the company’s interim dividend one day after the quarter ended (on 1 April), we could still include this in Telstra’s returns. Since its 8 cents per share payment was worth a yield of roughly 2%, that blunts Telstra’s disappointing performance over the March quarter. 

But even so, it was still a market-trailing performance from this telco over the three months to 31 March.

Is the Telstra share price a buy today? 

So what’s next for this company? After this lacklustre performance over the first few months of 2022, could the Telstra share price be a buy today?

Well, one broker who thinks so is Morgans. As we covered earlier this month, Morgans has recently reaffirmed an add rating on the Telstra share price, replete with a 12-month share price target of $4.55. That implies a potential upside over the next year of almost 14%. 

Morgans reckons the Telstra share price is currently undervalued and anticipates the telco will keep its current annual dividend of 16 cents per share in place for at least the next year or two.

No doubt shareholders will be happy to accept that assessment.

At the latest Telstra share price, this ASX 200 telco has a market capitalisation of $45.84 billion, with a dividend yield of 4%.  

The post Here’s how the Telstra share price performed last quarter appeared first on The Motley Fool Australia.

More reading

• Could April be a good month for the Telstra share price?
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• 2 ASX dividend shares analysts have named as buys
• The Telstra dividend is being paid today. Here’s what you need to know
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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