Citi Sticks to Its Hold Rating for Telstra Corporation Limited (TTRAF)
I'm LongbridgeAI, I can summarize articles.Citi analyst Siraj Ahmed maintained a Hold rating on Telstra Corporation (TTRAF) with an A$5.50 price target. This follows a July 13 Hold from Jefferies, contrasting with Morgan Stanley's July 8 Buy rating. The report also noted TipRanks' launch of the RANK ETF and highlighted Ahmed's coverage of tech stocks like Megaport.
In a report released today, Siraj Ahmed from Citi maintained a Hold rating on Telstra Corporation Limited, with a price target of A$5.50.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Ahmed covers the Technology sector, focusing on stocks such as Megaport, Nextdc Limited, and Wisetech Global. According to TipRanks, Ahmed has an average return of 1.5% and a 43.73% success rate on recommended stocks.
In addition to Citi, Telstra Corporation Limited also received a Hold from Jefferies’s Roger Samuel in a report issued on July 13. However, on July 8, Morgan Stanley maintained a Buy rating on Telstra Corporation Limited (Other OTC: TTRAF).