Telstra (OTCMKTS:TLSYY) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Telstra (OTCMKTS:TLSYY) from a sell rating to a hold rating in a report issued on Friday morning, Zacks.com reports.

According to Zacks, “Telstra is Australia’s principal telecommunications company, one of Australia’s largest corporations and one of the best-known brands in the country. Telstra’s fixed telephone network extends across the nation, serving virtually all homes and a substantial majority of Australian businesses. Its mobile networks cover the area in which 91% of Australia’s population lives. “

A number of other equities research analysts also recently weighed in on the stock. Sanford C. Bernstein downgraded shares of Telstra from an outperform rating to a market perform rating in a research note on Wednesday, August 21st. UBS Group downgraded shares of Telstra from a buy rating to a neutral rating in a research note on Monday, July 1st.

TLSYY opened at $12.20 on Friday. Telstra has a fifty-two week low of $9.52 and a fifty-two week high of $13.67. The firm’s fifty day moving average price is $12.76 and its two-hundred day moving average price is $12.44. The company has a market capitalization of $29.28 billion, a P/E ratio of 19.37, a P/E/G ratio of 5.12 and a beta of 0.75.

Telstra Company Profile

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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