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Helios Towers ( (GB:HTWS) ) just unveiled an announcement.
Helios Towers plc announced the purchase of 155,000 of its ordinary shares as part of its ongoing share buyback program. The company intends to cancel these shares, reducing the total number of shares in issue to 1,046,670,645. This move is part of a strategy to manage share capital and potentially enhance shareholder value.
The most recent analyst rating on (GB:HTWS) stock is a Buy with a £215.00 price target. To see the full list of analyst forecasts on Helios Towers stock, see the GB:HTWS Stock Forecast page.
Spark’s Take on GB:HTWS Stock
According to Spark, TipRanks’ AI Analyst, GB:HTWS is a Neutral.
Helios Towers’ stock score is primarily driven by its strong technical momentum, despite high valuation concerns. The company’s financial performance is mixed, with strong operational efficiency but high leverage and negative revenue growth. The absence of a dividend yield further impacts the valuation score negatively. The positive sentiment from the earnings call is not factored into the score due to its exclusion from the weighted calculation.
To see Spark’s full report on GB:HTWS stock, click here.
More about Helios Towers
Helios Towers plc operates in the telecommunications infrastructure industry, providing tower infrastructure services primarily in Africa. The company focuses on building, owning, and operating telecommunications towers, offering services to mobile network operators.
Average Trading Volume: 2,812,176
Technical Sentiment Signal: Buy
Current Market Cap: £1.66B
Learn more about HTWS stock on TipRanks’ Stock Analysis page.