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Telstra Corporation Limited ( (AU:TLS) ) just unveiled an announcement.
Telstra Group Limited has provided an update on its on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code TLS. The company reported that, as of the latest notification, a total of 221,327,439 shares had been repurchased before the previous trading day.
Telstra further disclosed that it bought back an additional 5,492,495 shares on the previous day as part of this ongoing capital management initiative. The continued execution of the buy-back suggests Telstra is actively returning capital to shareholders and may be seeking to improve capital efficiency and earnings per share by reducing the number of shares on issue.
The most recent analyst rating on (AU:TLS) stock is a Hold with a A$4.60 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 connectivity, and plays a central role in Australia’s telecoms and digital infrastructure markets.
Average Trading Volume: 22,197,843
Technical Sentiment Signal: Buy
Current Market Cap: A$61.32B
See more data about TLS stock on TipRanks’ Stock Analysis page.