Telstra Has Capital for Another Large Buyback -- Market Talk
Dow Jones
Jul 18, 2025
0143 GMT - Telstra investors should expect another buyback announcement when the Australian telecommunications provider announces its annual result next month, Jarden analysts say. They reckon that Telstra, which only completed a A$750 million on-market buyback last month, has sufficient cash flow and excess capital to announce a new A$800 million buyback in fiscal 2026. However, they tell clients in a note that they wouldn't be surprised if it was as large as A$1 billion. Jarden lifts its target price 4.6% to A$4.90 and keeps an overweight rating on the stock. Shares are up 0.1% at A$4.965. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 17, 2025 21:43 ET (01:43 GMT)
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