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Telstra Corporation Limited ( (AU:TLS) ) has provided an announcement.
Telstra Group Limited has announced a daily update on its ongoing buy-back program, with a total of 1,742,437 ordinary fully paid securities bought back on the previous day. This buy-back initiative is part of Telstra’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and optimizing its financial position.
The most recent analyst rating on (AU:TLS) stock is a Hold with a A$5.00 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 operates in the telecommunications industry, providing a range of services including mobile, internet, and other communication solutions. It is a prominent player in the Australian market, focusing on delivering comprehensive connectivity and technology services.
Average Trading Volume: 22,918,241
Technical Sentiment Signal: Buy
Current Market Cap: A$55.86B
Learn more about TLS stock on TipRanks’ Stock Analysis page.