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Telstra Corporation Limited ( (AU:TLS) ) has provided an announcement.
Telstra Group Limited has announced an update regarding its ongoing buy-back program, revealing that a total of 134,927,055 securities have been bought back prior to the latest update, with an additional 838,188 securities purchased on the previous day. This move is part of Telstra’s strategy to manage its capital efficiently and potentially enhance shareholder value, reflecting its commitment to maintaining a strong financial position in the competitive telecommunications market.
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 Corporation Limited operates in the telecommunications industry, providing a wide range of services including mobile, internet, and data services. The company is a leading provider in Australia, focusing on delivering advanced communication solutions to both individual consumers and businesses.
Average Trading Volume: 32,883,035
Technical Sentiment Signal: Buy
Current Market Cap: A$54.21B
Learn more about TLS stock on TipRanks’ Stock Analysis page.