Analysts get closer on price for Telstra as they shrug off mobile segment fears
** Analysts at Jefferies lower PT on Australia's Telstra TLS.AX to A$5.4 from A$5.5, while Morningstar lifts its fair value estimate by 6% to A$5
** Jefferies lowers earnings estimates by 2% for FY26-28 due to lower mobile subscriber additions, higher D&A costs at the telco
** Flags that is less concerned about the slowdown in subscribers for mobile business after co's conference call given the disruption caused by migration of customers to a new technology stack
** Adds result shows TLS effective in reducing costs, before the AI venture with Accenture
** Morningstar terms investors' concentration on the mobile result as curious, though the market is getting subdued
** But 1% fall in postpaid subscribers in FY25 was due to one-off events, while 3% fall in prepaid subscribers reflected conscious focus on improving yield - Morningstar
** Morningstar hails TLS' continuous pricing discipline having advocated for more focus on capital return
** Stock up 21% YTD
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