Telstra Co. Limited Given “Neutral” Rating at CIMB (TLS)
Telstra Co. Limited (ASX:TLS)‘s stock had its “neutral” rating restated by stock analysts at CIMB in a report issued on Wednesday, American Banking & Market News reports.
Telstra Co. Limited (ASX:TLS) traded down 0.40% during mid-day trading on Wednesday, hitting A$4.930. The stock had a trading volume of 8,486,365 shares. Telstra Co. Limited has a one year low of A$3.850 and a one year high of A$5.150. The stock has a 50-day moving average of A$4.94 and a 200-day moving average of A$4.80. The company has a market cap of A$61.212 billion and a price-to-earnings ratio of 16.18.
A number of other analysts have also recently weighed in on TLS. Analysts at UBS AG reiterated a “sell” rating on shares of Telstra Co. Limited (ASX:TLS) in a research note to investors on Tuesday, August 27th.
Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of A$4.33 ($4.08).
Telstra Corporation Limited (ASX:TLS) telecommunications and information services company providing telecommunications and information services for domestic and international customers.
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