The latest update is out from Telstra Corporation Limited ( (AU:TLS) ).
Telstra Group Limited has announced an update on its ongoing on-market buy-back program, with a total of 1,644,879 ordinary fully paid securities bought back on the previous day, contributing to a cumulative total of 132,843,404 securities repurchased. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and deliver value to shareholders, potentially impacting its stock performance and market perception.
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, internet, and pay television. The company focuses on delivering innovative communication solutions and maintaining a strong presence in the Australian market.
YTD Price Performance: 34.44%
Average Trading Volume: 30,358
Technical Sentiment Signal: Strong Sell
Current Market Cap: $33.19B
For a thorough assessment of TLS stock, go to TipRanks’ Stock Analysis page.