The Telstra Corporation Ltd (ASX: TLS) share price has once again drifted into the red.
In afternoon trade the telco giant's shares are down 1.5% to $3.51.
This brings its year-to-date decline to over 31% and puts its shares just 14 cents above their five-year low of $3.37.
Where next for the Telstra share price?
Opinion is largely divided on the fate of the Telstra share price.
In one corner there are the bears at Citi who earlier this week reduced their target price on Telstra's shares to a lowly $3.25.
And then there are the bulls at Morgans who have an add rating and a $4.15 price target on the telco giant's shares.
Citi's price target implies potential downside of over 7%, whereas Morgans' price target implies potential upside of over 18%.
All being well it will be the latter of the two that gets this one right.
