Zacks Investment Research Lowers Telstra (OTCMKTS:TLSYY) to Sell

Zacks Investment Research cut shares of Telstra (OTCMKTS:TLSYY) from a hold rating to a sell rating in a research note issued to investors on Tuesday, Zacks.com 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. “

Separately, UBS Group raised Telstra from a neutral rating to a buy rating in a research note on Wednesday, April 17th.

TLSYY stock opened at $12.98 on Tuesday. The firm has a market cap of $30.83 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 4.38 and a beta of 0.69. Telstra has a 52-week low of $9.52 and a 52-week high of $13.05.

About Telstra

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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