Telstra Updates on Ongoing Buy-Back Program

Telstra Corporation Limited ( (AU:TLS) ) has provided an update.

Telstra Group Limited has announced an update regarding its ongoing buy-back program, with a total of 3,529,401 ordinary fully paid securities bought back on the previous day. This move is part of Telstra’s strategy to manage its capital structure and return value to shareholders, potentially impacting its share price and market perception positively.

The most recent analyst rating on (AU:TLS) stock is a Buy with a A$4.40 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, broadband, and enterprise solutions. The company focuses on delivering innovative communication services to both individual consumers and businesses, maintaining a strong presence in the Australian market.

Average Trading Volume: 31,837,674

Technical Sentiment Signal: Buy

Current Market Cap: A$55.29B

See more insights into TLS stock on TipRanks’ Stock Analysis page.