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Truecaller AB Class B ( ($SE:TRUE.B) ) has provided an update.
Truecaller’s board has decided to resume the buyback of B-shares, as authorized by the Annual General Meeting. This initiative aims to optimize the company’s capital structure, enhance shareholder value, and support potential acquisitions and long-term incentive programs. The buyback program will be conducted on Nasdaq Stockholm and is set to last until the 2026 Annual General Meeting, with a maximum repurchase limit of 10% of the total outstanding shares.
The most recent analyst rating on ($SE:TRUE.B) stock is a Buy with a SEK58.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
More about Truecaller AB Class B
Truecaller is a leading global platform specializing in verifying contacts and blocking unwanted communication, facilitating safe and relevant conversations. It plays a crucial role in digital economies, particularly in emerging markets, with over 450 million active users. Truecaller is listed on Nasdaq Stockholm since October 2021.
Average Trading Volume: 851,709
Current Market Cap: SEK22.26B
Find detailed analytics on TRUE.B stock on TipRanks’ Stock Analysis page.