Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Telstra Corporation Limited ( (AU:TLS) ) just unveiled an announcement.
Telstra Group Limited announced an update regarding its ongoing on-market buy-back program, with a total of 65,968,291 securities bought back before the previous day and an additional 3,118,449 securities acquired on the previous day. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to returning capital to its investors.
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, offering a range of services including fixed and mobile network services, broadband, and digital television. The company is a leading provider in the Australian market, focusing on delivering advanced communication solutions to both individual and business customers.
Average Trading Volume: 23,057,231
Technical Sentiment Signal: Buy
Current Market Cap: A$55.75B
See more data about TLS stock on TipRanks’ Stock Analysis page.