An update from Telstra Corporation Limited ( (AU:TLS) ) is now available.
Telstra Group Limited has announced an update on its ongoing share buy-back program, revealing that a total of 2,970,108 ordinary fully paid securities were bought back on the previous day, adding to the 12,296,561 securities already acquired. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and enhance shareholder value, reflecting its strong financial position and commitment to returning capital to shareholders.
More about Telstra Corporation Limited
Telstra Corporation Limited operates in the telecommunications industry, providing a wide range of services including mobile, internet, and entertainment services. It is a leading provider in Australia, focusing on delivering advanced communication solutions to both individual and business customers.
YTD Price Performance: 26.64%
Average Trading Volume: 2,730
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $30.18B
Learn more about TLS stock on TipRanks’ Stock Analysis page.