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An announcement from Telstra Corporation Limited ( (AU:TLS) ) is now available.
Telstra Group Limited has announced a daily update on its ongoing on-market buy-back program, revealing that a total of 1,433,257 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 23,821,513 securities acquired before that day. This buy-back initiative is part of Telstra’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its financial health.
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 is a prominent player in the telecommunications industry, offering a range of services including mobile, broadband, and other communication solutions. The company focuses on providing reliable and innovative connectivity solutions to both individual consumers and businesses, maintaining a strong presence in the Australian market.
Average Trading Volume: 22,810,463
Technical Sentiment Signal: Buy
Current Market Cap: A$55.35B
Learn more about TLS stock on TipRanks’ Stock Analysis page.