CIMB Reiterates Underperform Rating for TPG Telecom Ltd (TPM)
TPG Telecom Ltd (ASX:TPM)‘s stock had its “underperform” rating reiterated by equities research analysts at CIMB in a research note issued to investors on Wednesday, Stock Ratings Network reports.
Shares of TPG Telecom Ltd (ASX:TPM) traded down 0.48% during mid-day trading on Wednesday, hitting A$4.190. 791,108 shares of the company’s stock traded hands. TPG Telecom Ltd has a 1-year low of A$1.920 and a 1-year high of A$3.980. The stock has a 50-day moving average of A$3.64 and a 200-day moving average of A$3.41. The company has a market cap of A$3.326 billion and a price-to-earnings ratio of 22.39.
TPG Telecom Limited is engaged in the provision of consumer, wholesale and corporate telecommunications services.
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