Jarden Sticks to Its Buy Rating for Telstra Corporation Limited (TTRAF)
Jarden analyst Tom Beadle maintained a Buy rating on Telstra Corporation Limited (TTRAF – Research Report) on May 28 and set a price target of A$4.70. The company's shares closed last Wednesday at $3.00.
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Beadle covers the Communication Services sector, focusing on stocks such as TPG Telecom Limited, Telstra Corporation Limited, and Seek Limited. According to TipRanks, Beadle has an average return of -0.7% and a 55.41% success rate on recommended stocks.
In addition to Jarden, Telstra Corporation Limited also received a Buy from Morgan Stanley's Andrew McLeod in a report issued on May 28. However, on the same day, UBS downgraded Telstra Corporation Limited (Other OTC: TTRAF) to a Hold.
TTRAF market cap is currently $34.81B and has a P/E ratio of 29.11.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TTRAF in relation to earlier this year.
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