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 research report released on Friday morning, 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. “

Several other analysts have also recently weighed in on TLSYY. UBS Group cut Telstra from a buy rating to a neutral rating in a report on Monday, July 1st. Sanford C. Bernstein cut Telstra from an outperform rating to a market perform rating in a report on Wednesday, August 21st.

Shares of OTCMKTS:TLSYY opened at $12.20 on Friday. The stock 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 has a 1-year low of $9.52 and a 1-year high of $13.67. The business has a 50-day moving average price of $12.76 and a two-hundred day moving average price of $12.44.

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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