Telstra (OTCMKTS:TLSYY) Downgraded by Zacks Investment Research

Telstra (OTCMKTS:TLSYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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 report on Wednesday, April 17th.

Shares of Telstra stock opened at $13.08 on Tuesday. The company has a market cap of $31.16 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 4.38 and a beta of 0.69. Telstra has a 12-month low of $9.52 and a 12-month high of $13.14.

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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