TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Telstra Corporation Limited ( (AU:TLS) ) has provided an update.
Telstra Group Limited announced an update on its ongoing on-market buy-back program, with a total of 63,936,127 securities bought back before the previous day and an additional 2,032,164 securities bought back on the previous day. This buy-back initiative is part of Telstra’s strategy to manage its capital structure efficiently, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
The most recent analyst rating on (AU:TLS) stock is a Hold with a A$5.00 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, internet, and other communication services. The company is a major player in the Australian market, focusing on delivering reliable and innovative communication solutions.
Average Trading Volume: 22,914,607
Technical Sentiment Signal: Buy
Current Market Cap: A$55.52B
See more data about TLS stock on TipRanks’ Stock Analysis page.