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Telstra Corporation Limited ( (AU:TLS) ) has provided an announcement.
Telstra Group Limited has announced an update regarding its ongoing share buy-back program, with a total of 31,295,570 securities bought back before the previous day and an additional 1,559,624 securities bought back on the previous day. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and return value to shareholders, reflecting the company’s confidence in its financial position and future growth prospects.
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, providing a wide range of services including mobile, internet, and other communication services. The company focuses on delivering innovative solutions to both individual consumers and businesses, maintaining a strong presence in the Australian market.
Average Trading Volume: 22,505,762
Technical Sentiment Signal: Buy
Current Market Cap: A$55.58B
For an in-depth examination of TLS stock, go to TipRanks’ Overview page.