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Telstra Corporation Limited ( (AU:TLS) ) has shared an update.
Telstra Group Limited has announced the completion of its on-market buy-back program, acquiring a total of 169,398,366 ordinary fully paid securities for a consideration of AUD 749,999,996. This buy-back is part of Telstra’s strategy to optimize its capital structure and return value to shareholders, potentially enhancing its market position and financial performance.
The most recent analyst rating on (AU:TLS) stock is a Buy with a A$4.40 price target. To see the full list of analyst forecasts on Telstra Corporation Limited stock, see the AU:TLS Stock Forecast page.
More about Telstra Corporation Limited
Telstra Group Limited is a leading telecommunications company in Australia, providing a wide range of services including mobile, internet, and pay television. It is a prominent player in the telecommunications industry, focusing on delivering advanced communication solutions to both individual consumers and businesses.
Average Trading Volume: 31,664,201
Technical Sentiment Signal: Buy
Current Market Cap: A$55.74B
See more data about TLS stock on TipRanks’ Stock Analysis page.