Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Telstra Corporation Limited ( (AU:TLS) ) has provided an update.
Telstra Group Limited has announced an update regarding its ongoing on-market buy-back program, where it repurchased 3,159,607 ordinary fully paid securities on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:TLS) stock is a Buy with a A$5.50 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 range of services including mobile, internet, and pay television. It is a leading provider in Australia, focusing on enhancing connectivity and digital solutions for both individual and business customers.
Average Trading Volume: 22,955,338
Technical Sentiment Signal: Buy
Current Market Cap: A$54.89B
For a thorough assessment of TLS stock, go to TipRanks’ Stock Analysis page.