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An announcement from Telstra Corporation Limited ( (AU:TLS) ) is now available.
Telstra Group Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 2,181,752 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 72,464,644 securities repurchased. 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 surplus 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, providing a range of services including mobile, broadband, and fixed-line services. The company is a leading player in the Australian market, focusing on delivering reliable and innovative communication solutions to its customers.
Average Trading Volume: 22,947,960
Technical Sentiment Signal: Buy
Current Market Cap: A$54.71B
For an in-depth examination of TLS stock, go to TipRanks’ Overview page.