Zacks Investment Research downgraded shares of Telstra Corp. (OTCMKTS:TLSYY) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

According to Zacks, “Telstra is Australia’s principal telecommunications company, one of Australia’s largest corporations and one of the best-known brands in the country. Telstra’s fixed telephone network extends across the nation, serving virtually all homes and a substantial majority of Australian businesses. Its mobile networks cover the area in which 91% of Australia’s population lives. “

Telstra Corp. (OTCMKTS:TLSYY) opened at 18.06 on Friday. The stock’s 50 day moving average price is $19.01 and its 200-day moving average price is $20.15. The stock has a market cap of $44.09 billion, a price-to-earnings ratio of 10.03 and a beta of 0.68. Telstra Corp. has a 12 month low of $17.60 and a 12 month high of $22.04.

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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