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The latest announcement is out from Telstra Corporation Limited ( (AU:TLS) ).
Telstra Group Limited has announced an update regarding its ongoing on-market buy-back program, revealing that a total of 584,349 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 74,646,396 securities repurchased so far. This buy-back initiative is part of Telstra’s strategic efforts to enhance shareholder value and optimize its capital structure, reflecting the company’s commitment to returning capital to its shareholders.
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 Corporation Limited is a leading telecommunications and technology company in Australia, providing a wide range of services including mobile, internet, and pay television. The company focuses on delivering innovative communication solutions and maintaining a strong market presence in the telecommunications industry.
Average Trading Volume: 22,918,299
Technical Sentiment Signal: Buy
Current Market Cap: A$55.5B
For detailed information about TLS stock, go to TipRanks’ Stock Analysis page.