Telstra (OTCMKTS:TLSYY) Shares Up 0.5%

Telstra Co. Limited (OTCMKTS:TLSYY) shot up 0.5% during mid-day trading on Monday . The company traded as high as $14.50 and last traded at $14.43. 12,466 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 19,324 shares. The stock had previously closed at $14.36.

Several equities analysts recently weighed in on the stock. New Street Research cut shares of Telstra from a “buy” rating to a “hold” rating and set a $13.82 target price for the company. in a research note on Tuesday, July 27th. Jefferies Financial Group raised shares of Telstra from a “hold” rating to a “buy” rating in a research note on Tuesday, June 22nd. Finally, UBS Group cut shares of Telstra from a “buy” rating to a “neutral” rating in a research note on Thursday, July 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.41.

The company has a debt-to-equity ratio of 0.69, a current ratio of 0.68 and a quick ratio of 0.65. The stock’s 50-day simple moving average is $14.15 and its 200 day simple moving average is $13.52. The stock has a market capitalization of $34.54 billion, a P/E ratio of 24.20, a PEG ratio of 3.30 and a beta of 0.93.

The business also recently disclosed a dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, August 25th will be given a dividend of $0.8813 per share. The ex-dividend date is Tuesday, August 24th. This represents a yield of 6.17%. Telstra’s dividend payout ratio (DPR) is 91.67%.

About Telstra (OTCMKTS:TLSYY)

Telstra Corp. Ltd. engages in the provision of telecommunications and information services for domestic and international customers. It operates through the following segments: Telstra Consumer and Small Business, Telstra Enterprise, Networks and IT, Telstra InfraCo, and All Others. The Telstra Consumer and Small Business segment comprises of telecommunication products, services, and solutions across mobiles, fixed and mobile broadband, telephony and play TV/IPTV, and digital content to consumer and small business customers in Australia.

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