Telstra (ASX:TLS) Stock Crosses Above Two Hundred Day Moving Average of $3.57

Telstra Co. Ltd (ASX:TLS)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.57 and traded as high as $3.65. Telstra shares last traded at $3.61, with a volume of 30,861,135 shares changing hands.

The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 121.08. The firm has a market capitalization of $42.93 billion and a PE ratio of 19.94. The company has a fifty day moving average price of A$3.77 and a two-hundred day moving average price of A$3.58.

The company also recently announced a Final dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 26th will be issued a $0.08 dividend. This represents a dividend yield of 2.12%. The ex-dividend date of this dividend is Wednesday, August 28th. Telstra’s payout ratio is currently 55.25%.

In other news, insider Nora Scheinkestel bought 13,220 shares of Telstra stock in a transaction dated Friday, August 23rd. The stock was acquired at an average cost of A$3.74 ($2.65) per share, with a total value of A$49,442.80 ($35,065.82). Also, insider Roy Chestnutt bought 27,000 shares of Telstra stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of A$3.59 ($2.55) per share, with a total value of A$97,038.00 ($68,821.28). Insiders bought a total of 102,220 shares of company stock valued at $379,601 over the last three months.

About Telstra (ASX:TLS)

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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