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An update from Telstra Corporation Limited ( (AU:TLS) ) is now available.
Telstra Group Limited has announced an update on its ongoing share buy-back program, revealing that it has repurchased a total of 52,789,737 ordinary fully paid securities prior to the previous day, with an additional 1,796,655 securities bought back on the previous day. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to returning surplus capital to its investors.
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 Group Limited operates in the telecommunications industry, providing a range of services including mobile and fixed-line communications, broadband internet, and digital television. The company is a major player in the Australian market, focusing on delivering connectivity solutions to both individual consumers and businesses.
YTD Price Performance: 26.20%
Average Trading Volume: 22,634,588
Technical Sentiment Signal: Buy
Current Market Cap: A$54.95B
For an in-depth examination of TLS stock, go to TipRanks’ Overview page.