Telstra Updates on Share Buy-Back Progress

Telstra Corporation Limited ( (AU:TLS) ) has shared an announcement.

Telstra Group Limited has announced an update on its ongoing share buy-back program, revealing that it has repurchased a total of 135,765,243 securities before the previous day and an additional 3,625,136 securities on the previous day. This buy-back initiative is part of Telstra’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.

The most recent analyst rating on (AU:TLS) stock is a Buy with a A$4.40 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 is a leading telecommunications and technology company in Australia, providing a wide range of services including mobile, broadband, and fixed-line services. The company focuses on delivering innovative communication solutions to both individual consumers and businesses, maintaining a strong presence in the Australian market.

Average Trading Volume: 32,778,619

Technical Sentiment Signal: Buy

Current Market Cap: A$54.03B

Find detailed analytics on TLS stock on TipRanks’ Stock Analysis page.