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The latest update is out from Telstra Corporation Limited ( (AU:TLS) ).
Telstra Group Limited has announced an update on its ongoing share buy-back program, revealing that a total of 1,307,007 ordinary fully paid securities were bought back on the previous day, adding to the 3,159,607 securities already repurchased. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and enhance shareholder value, reflecting confidence in its financial position and future prospects.
The most recent analyst rating on (AU:TLS) stock is a Buy with a A$5.50 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 wide range of services including mobile, broadband, and fixed-line communications. The company is a major player in the Australian market, focusing on delivering advanced connectivity solutions to both individual consumers and businesses.
Average Trading Volume: 23,007,640
Technical Sentiment Signal: Buy
Current Market Cap: A$55.12B
See more insights into TLS stock on TipRanks’ Stock Analysis page.