Telstra Updates on Share Buy-Back Progress

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

Telstra Corporation Limited has announced an update on its ongoing share buy-back program, revealing that it has repurchased a total of 147,931,682 securities prior to the previous day, with an additional 1,616,235 securities bought back on the previous day. This buy-back initiative reflects Telstra’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and demonstrating confidence in the company’s financial position.

The most recent analyst rating on (AU:TLS) stock is a Buy with a A$4.90 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 Corporation Limited is a leading telecommunications and technology company in Australia, providing a wide range of services including mobile, broadband, and fixed-line communications. The company focuses on delivering innovative solutions to enhance connectivity and digital experiences for its customers across various markets.

Average Trading Volume: 32,134,100

Technical Sentiment Signal: Buy

Current Market Cap: A$55.4B

For a thorough assessment of TLS stock, go to TipRanks’ Stock Analysis page.