Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Telstra Corporation Limited ( (AU:TLS) ) has shared an update.
Telstra Group Limited has provided an update on its on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 133,490,472 shares had been repurchased before the previous trading day, with an additional 1,334,100 shares bought back on the prior day as part of its ongoing capital management strategy.
The continued execution of the buy-back program reduces Telstra’s shares on issue, which can enhance earnings per share and signal confidence in the company’s financial position. Regular daily notifications to the ASX underline Telstra’s commitment to transparency for investors while it progressively returns capital to shareholders through 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 communications services including fixed and mobile connectivity and related digital solutions to consumers, businesses, and government customers across Australia and selected international markets.
Average Trading Volume: 18,103,525
Technical Sentiment Signal: Buy
Current Market Cap: A$58.98B
For a thorough assessment of TLS stock, go to TipRanks’ Stock Analysis page.