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Telstra Corporation Limited ( (AU:TLS) ) has shared an update.
Telstra Group Limited has announced an update on its ongoing share buy-back program, with a total of 1,605,906 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 13,473,873 securities repurchased. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and return value to shareholders, reflecting confidence in its financial position and future growth 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 range of services including mobile, broadband, and fixed-line communications. It is a leading provider in the Australian market, focusing on delivering reliable connectivity and innovative solutions to both individual and business customers.
Average Trading Volume: 23,178,750
Technical Sentiment Signal: Buy
Current Market Cap: A$55.8B
Learn more about TLS stock on TipRanks’ Stock Analysis page.