Analysts Offer Insights on Communication Services Companies: Telstra Corporation Limited (OtherTTRAF) and Paramount Skydance (PSKY)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Telstra Corporation Limited (TTRAF – Research Report) and Paramount Skydance (PSKY – Research Report).
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Telstra Corporation Limited (TTRAF)
In a report released today, Liam Robertson from Jarden maintained a Hold rating on Telstra Corporation Limited, with a price target of A$4.95. The company’s shares closed last Thursday at $3.63.
According to TipRanks.com, Robertson is ranked #4443 out of 12136 analysts.
Currently, the analyst consensus on Telstra Corporation Limited is a Moderate Buy with an average price target of $3.73, implying a 7.0% upside from current levels. In a report issued on February 20, Jefferies also downgraded the stock to Hold with a A$5.40 price target.
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Paramount Skydance (PSKY)
In a report released yesterday, John Hodulik from UBS maintained a Sell rating on Paramount Skydance, with a price target of $12.00. The company’s shares closed last Wednesday at $10.16, close to its 52-week low of $9.54.
According to TipRanks.com, Hodulik is a 4-star analyst with an average return of
Paramount Skydance has an analyst consensus of Strong Sell, with a price target consensus of $12.25, implying a 17.8% upside from current levels. In a report issued on February 18, Bernstein also maintained a Sell rating on the stock with a $12.00 price target.
