Telstra Corp. (OTCMKTS:TLSYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

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 research firms have also issued reports on TLSYY. J P Morgan Chase & Co lowered shares of Telstra Corp. from an “overweight” rating to a “neutral” rating in a report on Thursday, August 17th. ValuEngine raised shares of Telstra Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 6th.

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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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