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Telstra Corporation Limited ( (AU:TLS) ) has provided an update.
Telstra Group Limited has announced an update regarding its ongoing share buy-back program, with a total of 1,765,856 ordinary fully paid securities bought back on the previous day. This buy-back is part of Telstra’s strategy to manage its capital structure and return value to shareholders, potentially impacting the company’s stock price and market perception.
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, offering a range of services including mobile, broadband, and fixed-line services. The company is a major player in the Australian market, focusing on providing comprehensive communication solutions to both individual and business customers.
Average Trading Volume: 21,774,124
Technical Sentiment Signal: Buy
Current Market Cap: A$54.77B
For an in-depth examination of TLS stock, go to TipRanks’ Overview page.