Telstra (TLSYY) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Telstra (OTCMKTS:TLSYY) from a buy rating to a hold rating in a report released on Tuesday.

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, ValuEngine raised Telstra from a hold rating to a buy rating in a report on Friday, December 1st.

Shares of Telstra (OTCMKTS:TLSYY) opened at $13.58 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.02. Telstra has a fifty-two week low of $12.75 and a fifty-two week high of $18.95.

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About Telstra

Telstra Corporation Limited (Telstra) is a telecommunications and technology company. Its principal activity is to provide telecommunications and information services for domestic and international customers. The Company operates through four segments. The Telstra Retail segment provides telecommunication products, services and solutions across mobiles, fixed and mobile broadband, telephony and Pay television/Internet Protocol television and digital content.

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