The Telstra Corporation Ltd (ASX: TLS) share price has fallen 27% to $3.72 this year, after hitting a 52-week high of $5.29, and a 52-week low of $3.51. Telstra's share price is down 2.5% over the past five years.
Telstra Corporation is Australia's leading telecommunications and technology company, offering a full range of communications services. The company has 17.4 million mobile services, 6.8 million fixed voice services, and 3.5 million retail fixed broadband services, and serves customers through its Telstra Retail, Global Enterprise and Services, Telstra Operations, and Telstra Wholesale segment.
Telstra pays an 8.3% trailing dividend according to Google Finance. 17 analysts are forecasting average earnings of 32.3 cents per share in 2018, giving Telstra a Price to Earnings (P/E) ratio of 10, according to Thomson Reuters data.
Of the analysts covering the stock, 5 currently have 'buy' or 'outperform' ratings on the stock, while 4 think it is a 'hold', and 6 rate it 'underperform' or 'sell', according to Thomson Reuters.
