The latest update is out from Telstra Corporation Limited ( (AU:TLS) ).
Telstra Group Limited announced the cessation of 51,931,712 ordinary fully paid securities as part of an on-market buy-back, effective April 7, 2025. This move is part of Telstra’s capital management strategy, potentially impacting its share value and signaling a focus on optimizing shareholder returns.
More about Telstra Corporation Limited
Telstra Group Limited operates in the telecommunications industry, providing a range of services including mobile and fixed broadband, telephony, and digital television. The company is a major player in the Australian market, focusing on delivering innovative communication solutions to both individual consumers and businesses.
YTD Price Performance: 20.44%
Average Trading Volume: 2,026
Technical Sentiment Signal: Strong Sell
Current Market Cap: $30.02B
For detailed information about TLS stock, go to TipRanks’ Stock Analysis page.