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.

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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.

The Fly

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