Telstra Updates on Ongoing Securities Buy-Back

Telstra Corporation Limited ( (AU:TLS) ) just unveiled an update.

Telstra Group Limited has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities, with a total of 1,861,376 securities bought back on the previous day, adding to the cumulative total of 165,743,926 securities. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to efficient capital management and potentially impacting its stock performance 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 Group 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 solutions and maintaining a strong presence in the telecommunications market.

Average Trading Volume: 31,693,965

Technical Sentiment Signal: Buy

Current Market Cap: A$55.74B

Learn more about TLS stock on TipRanks’ Stock Analysis page.