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Telstra Corporation Limited ( (AU:TLS) ) just unveiled an announcement.
Telstra Group Limited has announced an update regarding its ongoing on-market buy-back program, with a daily notification revealing the purchase of 8,511,567 ordinary fully paid securities on the previous day. This buy-back initiative is part of Telstra’s strategy to manage its capital structure and enhance shareholder value, reflecting the company’s commitment to optimizing its financial operations and maintaining a strong market position.
More about Telstra Corporation Limited
Telstra Corporation Limited is a leading telecommunications and technology company in Australia, offering a wide range of services including mobile, internet, and entertainment solutions. The company focuses on providing connectivity and digital services to both consumer and business markets.
YTD Price Performance: 31.31%
Average Trading Volume: 30,314
Technical Sentiment Signal: Strong Sell
Current Market Cap: $32.29B
See more data about TLS stock on TipRanks’ Stock Analysis page.