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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 it has repurchased a total of 116,522,638 securities prior to the previous day and an additional 2,421,191 securities on the last trading day. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach in managing its equity base.
The most recent analyst rating on (AU:TLS) stock is a Buy with a A$5.40 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 range of services including mobile, broadband, and fixed-line communications. The company is a leading provider in the Australian market, focusing on delivering connectivity solutions to both individual consumers and businesses.
YTD Price Performance: 27.24%
Average Trading Volume: 21,287,350
Technical Sentiment Signal: Buy
Current Market Cap: A$55.11B
Find detailed analytics on TLS stock on TipRanks’ Stock Analysis page.