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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, revealing that a total of 76,711,189 securities have been bought back prior to the previous day, with an additional 1,765,951 securities purchased on the previous day. This buy-back initiative is part of Telstra’s strategy to enhance shareholder value and optimize its capital structure, reflecting its strong financial position and commitment to returning capital to shareholders.
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 prominent player in the telecommunications industry, providing a range of services including mobile, internet, and pay television. The company focuses on delivering connectivity solutions to both individual consumers and businesses, positioning itself as a leader in the Australian market.
Average Trading Volume: 22,958,475
Technical Sentiment Signal: Buy
Current Market Cap: A$56.51B
For a thorough assessment of TLS stock, go to TipRanks’ Stock Analysis page.