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Telstra Corporation Limited ( (AU:TLS) ) has provided an update.
Telstra Group Limited has announced a daily update on its ongoing on-market buy-back program, revealing that a total of 2,397,085 ordinary fully paid securities were bought back on the previous day. This buy-back initiative is part of Telstra’s strategy to enhance shareholder value and optimize its capital structure, reflecting a commitment to returning surplus capital to shareholders.
The most recent analyst rating on (AU:TLS) stock is a Hold with a A$4.80 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 operates in the telecommunications industry, providing a wide range of services including mobile, internet, and entertainment solutions. It is a leading provider in the Australian market, focusing on delivering innovative communication services to both individual and business customers.
YTD Price Performance: 28.02%
Average Trading Volume: 21,780,501
Technical Sentiment Signal: Buy
Current Market Cap: A$55.45B
For detailed information about TLS stock, go to TipRanks’ Stock Analysis page.