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An update from Telstra Corporation Limited ( (AU:TLS) ) is now available.
Telstra Group Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 78,477,140 securities had been bought back before the previous day, with an additional 1,423,228 securities purchased on the previous day. This buy-back initiative is part of Telstra’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and reflecting confidence in the company’s future performance.
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 Corporation Limited is a leading telecommunications and technology company in Australia, providing a wide range of services including mobile, internet, and entertainment solutions. The company is focused on delivering innovative communication services and maintaining a strong market presence in the telecommunications industry.
Average Trading Volume: 23,006,894
Technical Sentiment Signal: Buy
Current Market Cap: A$56.51B
See more data about TLS stock on TipRanks’ Stock Analysis page.