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Telstra Corporation Limited ( (AU:TLS) ) has shared an update.
Telstra Group Limited has announced an update on its ongoing share buy-back program, revealing that a total of 2,552,155 ordinary fully paid securities were bought back on the previous day, bringing the total number of securities repurchased to 101,555,430. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and return value to shareholders, reflecting the company’s strong financial position and commitment to enhancing shareholder returns.
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 and fixed broadband, telephony, and data services. The company is a leading provider in Australia, focusing on enhancing connectivity and offering innovative solutions to both individual and corporate customers.
Average Trading Volume: 22,242,745
Technical Sentiment Signal: Buy
Current Market Cap: A$56.06B
For a thorough assessment of TLS stock, go to TipRanks’ Stock Analysis page.