CIMB Reiterates “add” Rating for Telstra Co. (TLS)
Shares of Telstra Co. (ASX:TLS) traded down 0.35% during mid-day trading on Friday, hitting A$5.710. The stock had a trading volume of 20,043,016 shares. Telstra Co. has a 1-year low of A$4.770 and a 1-year high of A$5.760. The stock has a 50-day moving average of A$5.44 and a 200-day moving average of A$5.23. The company has a market cap of A$70.926 billion and a P/E ratio of 16.66.
A number of other firms have also recently commented on TLS. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Telstra Co. in a research note on Wednesday. They now have a $5.14 price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of A$5.44 ($5.09).
Telstra Corporation Limited (ASX:TLS) telecommunications and information services company providing telecommunications and information services for domestic and international customers.
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