The company’s shares closed last Tuesday at $2.83.
According to TipRanks.com, McLeod is a 2-star analyst with an average return of 0.3% and a 36.1% success rate. McLeod covers the Technology sector, focusing on stocks such as Wisetech Global Ltd., Nextdc Limited, and Seek Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Telstra Corporation Limited with a $3.21 average price target.
Telstra Corporation Limited’s market cap is currently $33B and has a P/E ratio of 30.70.
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Telstra Corp. Ltd. engages in the provision of telecommunications and information services for domestic and international customers. It operates through the following segments: Telstra Consumer and Small Business, Telstra Enterprise, Telstra Wholesale, Networks and IT, Telstra InfraCo and Others. The Telstra Consumer and Small Business segment comprises of telecommunication products, services, and solutions across mobiles, fixed and mobile broadband, telephony and play TV/IPTV, and digital content to consumer and small business customers in Australia. The Telstra Enterprise segment sells and contracts management for medium to large business and government customers in Australia and globally. The Networks and IT segment is responsible for the overall planning, design, engineering architecture and construction of Telstra networks, technology and information technology solutions. Telstra InfraCo segment is responsible for key network assets including data centres and exchanges, the copper and hybrid fibre coaxial networks, international subsea cables, poles, ducts and pipes. The Other segments include certain items of income and expense relating to multiple reportable segments that are recorded by its corporate areas. The company was founded in 1901 and is headquartered in Melbourne, Australia.
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