Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Telstra Corporation Limited ( (AU:TLS) ).
Telstra Group Limited has announced an update regarding its ongoing on-market buy-back program. The company reported the buy-back of 1,927,552 ordinary fully paid securities on the previous day, adding to a total of 4,466,614 securities bought back before that day. This buy-back initiative is part of Telstra’s strategy to manage its capital structure and potentially enhance shareholder value.
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 wide range of services including mobile, internet, and other communication solutions. The company is a major player in the Australian market, focusing on delivering reliable connectivity and innovative technology solutions to both individual consumers and businesses.
Average Trading Volume: 22,952,890
Technical Sentiment Signal: Buy
Current Market Cap: A$55.58B
See more insights into TLS stock on TipRanks’ Stock Analysis page.