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The latest update is out from Telstra Corporation Limited ( (AU:TLS) ).
Telstra Group Limited has announced an update on its ongoing share buy-back program, reporting the acquisition of 1,690,655 ordinary fully paid securities on the previous day, bringing the total to over 54 million shares bought back. This move is part of Telstra’s strategy to optimize its capital structure and return value to shareholders, potentially impacting its stock market performance and stakeholder confidence.
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 is a leading telecommunications and technology company in Australia, providing a wide range of services including mobile, internet, and digital solutions. The company focuses on enhancing connectivity and digital experiences for its customers across the region.
Average Trading Volume: 22,867,211
Technical Sentiment Signal: Buy
Current Market Cap: A$55.29B
See more insights into TLS stock on TipRanks’ Stock Analysis page.