Telstra Continues Strategic Share Buy-Back Program

Telstra Corporation Limited ( (AU:TLS) ) has provided an announcement.

Telstra Corporation Limited has announced an update on its ongoing share buy-back program, revealing that a total of 2,052,659 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 139,390,379 securities repurchased. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and enhance shareholder value, reflecting a commitment to returning surplus capital to its investors.

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 Corporation Limited operates in the telecommunications industry, providing a wide range of services including mobile, broadband, and fixed-line services. The company is a leading provider in the Australian market, focusing on delivering innovative communication solutions to both individual and business customers.

YTD Price Performance: 22.00%

Average Trading Volume: 32,997,791

Technical Sentiment Signal: Buy

Current Market Cap: A$54.49B

For an in-depth examination of TLS stock, go to TipRanks’ Stock Analysis page.