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Telstra Corporation Limited ( (AU:TLS) ) has provided an announcement.
Telstra Group Limited has announced an update on its ongoing share buy-back program, reporting the repurchase of 1,876,203 ordinary fully paid securities on the previous day, bringing the total number of shares bought back to 69,086,740. 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 returning surplus capital to its investors.
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 Group Limited is a leading telecommunications and technology company in Australia, providing a wide range of services including mobile, broadband, and fixed-line services. The company focuses on delivering innovative communication solutions to both individual consumers and businesses, maintaining a strong presence in the Australian market.
Average Trading Volume: 23,020,272
Technical Sentiment Signal: Buy
Current Market Cap: A$54.82B
See more data about TLS stock on TipRanks’ Stock Analysis page.