The Chorus Ltd (ASX: CNU) share price hit a new 52-week high of $4.51 yesterday afternoon.
The share price of the NZ-based telecom company are up 87% since mid-2012.
According to Google Finance, Chorus Limited provides fixed line communications infrastructure services. The Company maintains a network made up of local telephone exchanges, cabinets, copper and fiber cables.
The Company's product portfolio includes a range of broadband, data and voice wholesale services. It includes a mix of regulated and commercial products. Its network products include the copper voice input Unbundled Copper Low Frequency Service (UCLFS), Unbundled Copper Local Loop (UCLL), Sub Loop Unbundling (SLU), Sub Loop Extension Service (SLES) and Basic Unbundled Bitstream Access (Basic UBA) (including broadband naked Basic UBA connections).
It also provides Ultra-Fast Broadband (UFB) backhaul and direct fiber access services, which provide point-to-point networking solutions and can be used to deliver backhaul connections to mobile sites. The Company also provides Bandwidth Fiber Access Service and High Speed Network Service (HSNS) Premium fiber connections.
Shares have rocketed higher recently despite a mediocre half year report that revealed burgeoning costs and a forecast for flat earnings and dividends.
At a current share price of $4.48, Chorus Ltd shares trade on approximately 15 times annualised profit estimates, and offers forecast unfranked dividend yield of 4.5% in Australian Dollar terms.
