Trade Report: The Telstra Corp. (TLSYY) gets Hold status at Zacks Investment Research

The Telstra Corp. (TLSYY) gets Hold status at Zacks Investment Research

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.

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