Zacks Investment Research downgraded shares of Telstra Corp. (OTCMKTS:TLSYY) from a buy rating to a hold rating in a research report released on Wednesday morning.
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. “
Telstra Corp. (OTCMKTS:TLSYY) opened at 19.27 on Wednesday. The stock has a market capitalization of $47.04 billion, a P/E ratio of 10.77 and a beta of 0.68. Telstra Corp. has a 12-month low of $17.84 and a 12-month high of $22.04. The firm’s 50-day moving average is $19.50 and its 200 day moving average is $20.41.
About Telstra Corp.