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Telstra Corporation Limited ( (AU:TLS) ) has issued an update.
Telstra Group Limited has announced an update on its ongoing on-market buy-back program, with a total of 1,255,507 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 104,107,585 securities repurchased. 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 returning capital to its investors.
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 within the telecommunications industry, providing a range of services including mobile, broadband, and fixed-line communications. The company is a major player in the Australian market, focusing on delivering connectivity solutions to both individual consumers and businesses.
Average Trading Volume: 22,021,444
Technical Sentiment Signal: Buy
Current Market Cap: A$55.95B
For detailed information about TLS stock, go to TipRanks’ Stock Analysis page.