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Telstra Corporation Limited ( (AU:TLS) ) has shared an announcement.
Telstra Group Limited has reported progress on its on-market share buy-back program, confirming that it repurchased 640,803 ordinary fully paid shares on the previous trading day. This takes the total number of shares bought back under the program to 144,290,751 as of 17 March 2026.
The ongoing daily repurchases indicate Telstra’s continued capital management focus, likely aimed at returning surplus capital to shareholders and improving earnings per share through a reduced share count. The incremental update underscores the structured and sustained nature of the program, providing investors with transparency on the pace and scale of the buy-back activity.
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. The group provides fixed-line and mobile services, data and internet connectivity, and related network solutions to residential, business, and enterprise customers across Australia and selected international markets.
Average Trading Volume: 19,422,506
Technical Sentiment Signal: Buy
Current Market Cap: A$58.87B
Find detailed analytics on TLS stock on TipRanks’ Stock Analysis page.