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The latest update is out from Telstra Corporation Limited ( (AU:TLS) ).
Telstra Group Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 3,354,384 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 124,335,467 securities repurchased. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting the company’s commitment to efficient capital management.
The most recent analyst rating on (AU:TLS) stock is a Buy with a A$5.40 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 Corporation Limited is a leading telecommunications and technology company in Australia, providing a wide range of services including mobile, internet, and pay television. The company focuses on delivering innovative communication solutions and maintaining a strong presence in the Australian market.
Average Trading Volume: 21,195,482
Technical Sentiment Signal: Buy
Current Market Cap: A$55.79B
See more insights into TLS stock on TipRanks’ Stock Analysis page.