Telstra Co. Receives Hold Rating from Deutsche Bank (TLS)
Telstra Co. (ASX:TLS)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday. They currently have a $4.90 target price on the stock.
Telstra Co. (ASX:TLS) traded down 0.19% during mid-day trading on Wednesday, hitting A$5.250. 13,406,758 shares of the company’s stock traded hands. Telstra Co. has a 52 week low of A$4.500 and a 52 week high of A$5.400. The stock’s 50-day moving average is A$5.26 and its 200-day moving average is A$5.15. The company has a market cap of A$65.299 billion and a P/E ratio of 16.59.
TLS has been the subject of a number of other recent research reports. Analysts at Macquarie reiterated a “neutral” rating on shares of Telstra Co. in a research note on Tuesday, March 25th. They now have a $4.80 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Telstra Co. currently has an average rating of “Hold” and an average price target of A$5.31 ($4.96).
Telstra Corporation Limited (ASX:TLS) telecommunications and information services company providing telecommunications and information services for domestic and international customers.
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