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An announcement from Telstra Corporation Limited ( (AU:TLS) ) is now available.
Telstra Group Limited has announced an update regarding its ongoing on-market buy-back program, revealing that a total of 1,166,454 ordinary fully paid securities were bought back on the previous day, bringing the total number of securities bought back to 6,394,166. This buy-back initiative is part of Telstra’s strategy to manage its capital structure and return value to shareholders, potentially impacting its stock performance and market perception.
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 and fixed broadband, telephony, and digital television. The company focuses on delivering connectivity solutions and digital services primarily within the Australian market.
Average Trading Volume: 23,147,265
Technical Sentiment Signal: Buy
Current Market Cap: A$56.14B
For an in-depth examination of TLS stock, go to TipRanks’ Overview page.