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The latest update is out from Telstra Corporation Limited ( (AU:TLS) ).
Telstra Group Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 1,879,258 ordinary fully paid securities bought back on the previous day, bringing the cumulative total to 93,121,708. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting the company’s commitment to efficient capital management.
The most recent analyst rating on (AU:TLS) stock is a Hold with a A$4.80 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 its customers.
Average Trading Volume: 22,314,706
Technical Sentiment Signal: Buy
Current Market Cap: A$55.27B
Find detailed analytics on TLS stock on TipRanks’ Stock Analysis page.