Telstra Corporation Limited ( (AU:TLS) ) just unveiled an update.
Telstra Group Limited has announced an update on its ongoing share buy-back program. As part of this initiative, the company has repurchased a total of 48,538,717 ordinary fully paid securities, with 3,447,765 bought back on the previous day alone. This buy-back is part of Telstra’s strategy to optimize its capital structure and enhance shareholder value.
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 entertainment solutions. The company focuses on delivering innovative communication services to both consumer and business markets, maintaining a strong presence in the Australian telecommunications industry.
YTD Price Performance: 19.39%
Average Trading Volume: 1,824
Technical Sentiment Signal: Strong Sell
Current Market Cap: $30.46B
For detailed information about TLS stock, go to TipRanks’ Stock Analysis page.