Telstra share price

Like many ASX 200 shares this week, Telstra Corporation Ltd (ASX: TLS) share price has been hit hard. But could this make Telstra a buy?

This ASX broker recently rated Telstra as an “add”, replete with a 12-month share price target of $4.56. But if an investor who took advantage of the recent volatility and bought in at $3.67 a share, the potential upside would stretch to more than 24%. Like many ASX shares of late, the Telstra Corporation Ltd (ASX: TLS) share price has been through the washer. But over the past five trading days, Telstra has been as high as $3.90 a share and as low as $3.67. The broker is also predicting that the telco will be able to keep its annual 16 cents per share dividend flowing across FY2022 and into FY2023, further boosting returns. But only time will tell if these brokers are proven right.