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Telstra Corporation Limited ( (AU:TLS) ) has shared an announcement.
Telstra Group Limited has announced an update on its ongoing share buy-back program, revealing that a total of 2,168,811 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 163,575,115 securities repurchased. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and return value to shareholders, potentially impacting the company’s share price and market perception positively.
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 services primarily in Australia. The company is a major player in the market, focusing on delivering reliable communication solutions to both individual consumers and businesses.
YTD Price Performance: 24.81%
Average Trading Volume: 31,845,339
Technical Sentiment Signal: Buy
Current Market Cap: A$55.74B
For a thorough assessment of TLS stock, go to TipRanks’ Stock Analysis page.