Telstra Updates on Significant Buy-Back Progress

Telstra Corporation Limited ( (AU:TLS) ) has issued an update.

Telstra Group Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 3,711,144 ordinary fully paid securities were bought back on the previous day, adding to a cumulative total of 149,547,917 securities acquired before that day. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure, potentially enhancing shareholder value and reflecting confidence in the company’s financial health and future prospects.

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 Corporation Limited is a prominent player in the telecommunications industry, providing a range of services including mobile, internet, and other communication solutions. The company is a key player in the Australian market, focusing on delivering advanced connectivity and digital solutions.

Average Trading Volume: 32,272,991

Technical Sentiment Signal: Buy

Current Market Cap: A$55.52B

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