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Telstra Corporation Limited ( (AU:TLS) ) has issued an announcement.
Telstra Group Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 88,881,158 securities bought back prior to the latest update and an additional 2,619,016 securities purchased on the previous day. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to returning capital to its investors.
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 is a leading telecommunications and technology company in Australia, providing a wide range of services including mobile, broadband, and fixed-line services. The company focuses on delivering innovative solutions to both individual consumers and businesses, maintaining a strong presence in the Australian market.
Average Trading Volume: 22,313,671
Technical Sentiment Signal: Buy
Current Market Cap: A$55.72B
For an in-depth examination of TLS stock, go to TipRanks’ Overview page.