Telstra Updates on Share Buy-Back Progress

Telstra Corporation Limited ( (AU:TLS) ) has issued an announcement.

Telstra Group Limited has announced an update on its ongoing share buy-back program, reporting the acquisition of 2,648,159 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 157,397,555. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and return value to shareholders, potentially enhancing the company’s stock market performance and investor confidence.

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 Group Limited operates in the telecommunications industry, providing a range of services including mobile, internet, and pay television. The company is a major player in the Australian market, focusing on delivering connectivity and digital solutions to both individual consumers and businesses.

Average Trading Volume: 31,998,143

Technical Sentiment Signal: Buy

Current Market Cap: A$55.29B

For a thorough assessment of TLS stock, go to TipRanks’ Stock Analysis page.