Somewhat Critical News Coverage Extremely Unlikely to Affect Telstra (TLSYY) Stock Price

News stories about Telstra (OTCMKTS:TLSYY) have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Telstra earned a media sentiment score of -1.70 on their scale. InfoTrie also gave media headlines about the utilities provider an news buzz score of 1 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Telstra’s ranking:

Shares of TLSYY stock traded up $0.02 during trading hours on Friday, hitting $11.06. The company’s stock had a trading volume of 8,974 shares, compared to its average volume of 64,287. The company has a market capitalization of $26.77 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 3.58 and a beta of 0.76. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.80 and a quick ratio of 0.71. Telstra has a 12-month low of $9.61 and a 12-month high of $14.95.

Separately, Zacks Investment Research downgraded shares of Telstra from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 24th.

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About Telstra

Telstra Corporation Limited, together with its subsidiaries, provides telecommunications and information services to businesses, governments, communities, and individuals in Australia and internationally. It operates in four segments: Telstra Consumer and Small Business, Telstra Enterprise, Telstra Operations, and Telstra Wholesale.

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