Telstra Corp. (TLSYY) Cut to Neutral at J P Morgan Chase & Co
Telstra Corp. (OTCMKTS:TLSYY) was downgraded by equities researchers at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Separately, Zacks Investment Research upgraded Telstra Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 14th.
Telstra Corp. (TLSYY) traded down 9.41% during trading on Thursday, reaching $15.50. The company’s stock had a trading volume of 143,234 shares. Telstra Corp. has a 52-week low of $15.04 and a 52-week high of $21.00. The company has a market cap of $37.51 billion, a PE ratio of 8.66 and a beta of 0.61. The stock has a 50-day moving average price of $16.44 and a 200 day moving average price of $17.03.
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Telstra Corp. Company Profile
Telstra Corporation Limited (Telstra) is a telecommunications and technology company. Its principal activity is to provide telecommunications and information services for domestic and international customers. The Company operates through four segments. The Telstra Retail segment provides telecommunication products, services and solutions across mobiles, fixed and mobile broadband, telephony and Pay television/Internet Protocol television and digital content.
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