Telstra Co. Limited Given Buy Rating at Bank of America Corp. (TLS)
Telstra Co. Limited (ASX:TLS)‘s stock had its “buy” rating restated by stock analysts at Bank of America Corp. in a report issued on Wednesday, Analyst Ratings.Net reports. They currently have a $5.85 price target on the stock.
A number of other firms have also recently commented on TLS. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Telstra Co. Limited in a research note to investors on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of A$4.64 ($4.07).
Telstra Co. Limited (ASX:TLS) traded down 0.10% during mid-day trading on Wednesday, hitting A$5.215. The stock had a trading volume of 8,214,342 shares. Telstra Co. Limited has a one year low of A$4.440 and a one year high of A$5.300. The stock’s 50-day moving average is A$5.14 and its 200-day moving average is A$5.01. The company has a market cap of A$64.751 billion and a price-to-earnings ratio of 17.06.
Telstra Corporation Limited (ASX:TLS) telecommunications and information services company providing telecommunications and information services for domestic and international customers.
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