Zacks Investment Research Lowers Telstra Corp. (TLSYY) to Sell

Telstra Corp. (OTCMKTS:TLSYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, November 7th.

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. “

Several other equities analysts also recently commented on TLSYY. J P Morgan Chase & Co downgraded Telstra from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 17th. ValuEngine raised Telstra from a “hold” rating to a “buy” rating in a research report on Friday, October 6th.

Telstra (TLSYY) traded up $0.05 during trading hours on Tuesday, reaching $13.23. The company had a trading volume of 15,306 shares, compared to its average volume of 107,830. Telstra has a one year low of $12.89 and a one year high of $20.05. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.76 and a current ratio of 0.86.

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Telstra 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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