0620 GMT - Telstra's bears at Jarden think investors should ask more questions about the long-term durability of the Australian telco's ability to derive a premium for its superior network coverage. With an unchanged underweight rating on the stock, analysts Liam Robertson and Charles Strong tell clients in a note that the stock trades as a long-duration claim on the persistence of this pricing premium. However, they contend that the emergence of satellite services and potential regulatory moves could challenge this. This could lead the market to demand a modestly higher yield from Telstra, they reckon. Jarden has an unchanged target price of 4.60 Australian dollars. Shares are down 0.4% at A$4.98.
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