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Telstra Corporation Limited ( (AU:TLS) ) just unveiled an announcement.
Telstra Group Limited has announced an update regarding its ongoing share buy-back program, reporting that a total of 4,328,633 ordinary fully paid securities were bought back on the previous day, adding to a cumulative total of 95,000,966 securities. This buy-back initiative is part of Telstra’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its strong financial position and commitment to returning surplus capital to shareholders.
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 services. The company is a major player in the Australian market, focusing on delivering advanced communication solutions to both individual and business customers.
YTD Price Performance: 26.72%
Average Trading Volume: 21,881,839
Technical Sentiment Signal: Buy
Current Market Cap: A$55.04B
For a thorough assessment of TLS stock, go to TipRanks’ Stock Analysis page.