Deutsche Bank Reiterates Hold Rating for Telstra Co. (TLS)
Shares of Telstra Co. (ASX:TLS) traded up 0.92% during mid-day trading on Tuesday, hitting A$5.460. 23,009,868 shares of the company’s stock traded hands. Telstra Co. has a 52 week low of A$4.770 and a 52 week high of A$5.530. The stock’s 50-day moving average is A$5.36 and its 200-day moving average is A$5.2. The company has a market cap of A$67.911 billion and a price-to-earnings ratio of 17.07.
Separately, analysts at CIMB reiterated an “add” rating on shares of Telstra Co. in a research note on Wednesday, August 6th. They now have a $5.73 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Telstra Co. has an average rating of “Hold” and a consensus price target of A$5.44 ($5.04).
Telstra Corporation Limited (ASX:TLS) telecommunications and information services company providing telecommunications and information services for domestic and international customers.
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