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An announcement from TPG Telecom Limited ( (AU:TPG) ) is now available.
TPG Telecom Limited has issued 83,102,493 new fully paid ordinary shares at a price of $3.61 per share to institutional investors as part of its Institutional Reinvestment Plan. This strategic move is expected to strengthen the company’s financial position and enhance its market presence, potentially impacting its operations and stakeholder interests positively.
The most recent analyst rating on (AU:TPG) stock is a Buy with a A$3.70 price target. To see the full list of analyst forecasts on TPG Telecom Limited stock, see the AU:TPG Stock Forecast page.
More about TPG Telecom Limited
TPG Telecom Limited operates in the telecommunications industry, providing a range of services including mobile, internet, and data services. The company focuses on offering competitive telecommunications solutions to both individual and business customers in Australia.
Average Trading Volume: 1,578,263
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$7.03B
Find detailed analytics on TPG stock on TipRanks’ Stock Analysis page.