Telstra Updates Market on Ongoing On-Market Share Buy-Back

Telstra Corporation Limited ( (AU:TLS) ) just unveiled an announcement.

Telstra Group Limited has provided an updated notification to the ASX on the progress of its on-market share buy-back program for its ordinary fully paid shares. The company reported that, as of the latest daily update, a cumulative 136,738,449 shares had been repurchased before the previous trading day, with a further 2,126,282 shares bought back on the previous day, indicating continued execution of its capital management strategy.

The latest filing, dated 11 March 2026, is an amendment to earlier buy-back disclosures first notified in August 2025 and last updated in late February 2026. Ongoing daily notifications signal that Telstra is actively using on-market repurchases to return capital to shareholders and potentially support earnings per share, while gradually reducing the total number of shares on issue in the market.

The most recent analyst rating on (AU:TLS) stock is a Hold with a A$4.95 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 major Australian telecommunications company listed on the ASX under the code TLS. It provides a broad range of communications services, including fixed and mobile network connectivity, to consumer, business and wholesale customers across Australia and selected international markets.

Average Trading Volume: 19,210,320

Technical Sentiment Signal: Buy

Current Market Cap: A$58.09B

For a thorough assessment of TLS stock, go to TipRanks’ Stock Analysis page.