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An announcement from Telstra Corporation Limited ( (AU:TLS) ) is now available.
Telstra Corporation Limited has announced an update regarding its ongoing share buy-back program, with a total of 3,153,288 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 38,636,292 securities repurchased. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and enhance shareholder value, reflecting a proactive approach in managing its financial resources and market positioning.
The most recent analyst rating on (AU:TLS) stock is a Hold with a A$5.00 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 operates in the telecommunications industry, providing a wide range of services including mobile and fixed-line telephony, broadband internet, and digital television. The company focuses on delivering innovative communication solutions to both individual consumers and businesses, maintaining a strong market presence in Australia.
Average Trading Volume: 22,334,117
Technical Sentiment Signal: Buy
Current Market Cap: A$55.07B
For a thorough assessment of TLS stock, go to TipRanks’ Stock Analysis page.