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The latest announcement is out from Telstra Corporation Limited ( (AU:TLS) ).
Telstra Group Limited has announced an update on its ongoing on-market buy-back program, with a total of 28,448,778 ordinary fully paid securities bought back before the previous day and an additional 2,846,792 securities bought back on the previous day. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and return value to shareholders, reflecting its strong financial position and commitment to enhancing shareholder returns.
The most recent analyst rating on (AU:TLS) stock is a Hold 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, broadband, and fixed-line communications. The company is a major player in the Australian market, focusing on delivering advanced connectivity solutions to both individual consumers and businesses.
Average Trading Volume: 22,522,328
Technical Sentiment Signal: Buy
Current Market Cap: A$55.58B
See more insights into TLS stock on TipRanks’ Stock Analysis page.