TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Telstra Corporation Limited ( (AU:TLS) ) has issued an update.
Telstra Group Limited announced a daily update on its ongoing share buy-back program, revealing that a total of 91,500,174 securities have been bought back before the previous day, with an additional 1,621,534 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 strong financial position and commitment to returning capital to its investors.
The most recent analyst rating on (AU:TLS) stock is a Hold with a A$4.80 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 wide range of services including mobile, internet, and other communication solutions. It is a leading player in the Australian market, focusing on delivering advanced connectivity and technology solutions.
Average Trading Volume: 22,313,671
Technical Sentiment Signal: Buy
Current Market Cap: A$55.72B
Learn more about TLS stock on TipRanks’ Stock Analysis page.