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Telstra Corporation Limited ( (AU:TLS) ) has shared an announcement.
Telstra Group Limited has announced an update on its ongoing share buy-back program, revealing that a total of 85,281,809 securities have been bought back before the previous day, with an additional 1,098,993 securities purchased 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 capital to its 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 leading telecommunications and technology company in Australia. It provides a wide range of services including mobile, broadband, and fixed-line services, catering to both individual consumers and businesses, with a strong focus on innovation and digital transformation.
YTD Price Performance: 28.55%
Average Trading Volume: 22,332,125
Technical Sentiment Signal: Buy
Current Market Cap: A$55.84B
Find detailed analytics on TLS stock on TipRanks’ Stock Analysis page.