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An announcement from Telstra Corporation Limited ( (AU:TLS) ) is now available.
Telstra Group Limited announced an update on its ongoing on-market buy-back program, reporting the repurchase of 2,401,863 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 127,689,851. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and potentially enhance shareholder value.
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 is a leading telecommunications and technology company in Australia, providing a wide range of services including mobile, internet, and pay television. It focuses on delivering innovative communication solutions to both individual consumers and businesses across the region.
Average Trading Volume: 20,920,773
Technical Sentiment Signal: Buy
Current Market Cap: A$55.45B
Find detailed analytics on TLS stock on TipRanks’ Stock Analysis page.