J P Morgan Chase & Co Lowers Telstra Co. Ltd (TLSYY) to Neutral
J P Morgan Chase & Co downgraded shares of Telstra Co. Ltd (OTCMKTS:TLSYY) from an overweight rating to a neutral rating in a research note published on Thursday morning, The Fly reports.
Separately, Zacks Investment Research upgraded Telstra Co. from a strong sell rating to a hold rating in a research note on Wednesday, June 14th.
Telstra Co. (TLSYY) opened at 15.30 on Thursday. The firm has a market capitalization of $36.35 billion, a price-to-earnings ratio of 11.95 and a beta of 0.61. Telstra Co. has a 1-year low of $15.04 and a 1-year high of $21.00. The stock has a 50 day moving average price of $16.36 and a 200 day moving average price of $17.00.
COPYRIGHT VIOLATION NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/21/j-p-morgan-chase-co-lowers-telstra-co-ltd-tlsyy-to-neutral.html.
About Telstra Co.
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.
Receive News & Stock Ratings for Telstra Co. Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telstra Co. Ltd and related stocks with our FREE daily email newsletter.