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Telstra Corporation Limited ( (AU:TLS) ) just unveiled an announcement.
Telstra Group Limited has announced an update on its ongoing share buy-back program, revealing that a total of 26,992,076 securities have been bought back prior to the previous day, with an additional 1,456,702 securities purchased on the previous day. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and return value to shareholders, potentially enhancing its market position and shareholder confidence.
The most recent analyst rating on (AU:TLS) stock is a Hold 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 Corporation Limited is a leading telecommunications and technology company in Australia, offering a wide range of services including mobile, internet, and pay television. The company focuses on providing innovative communication solutions and is a major player in the Australian market.
YTD Price Performance: 26.20%
Average Trading Volume: 22,812,777
Technical Sentiment Signal: Buy
Current Market Cap: A$55.12B
For detailed information about TLS stock, go to TipRanks’ Stock Analysis page.