Helios Towers Advances Share Buyback Program with Recent Purchase

The latest update is out from Helios Towers ( (GB:HTWS) ).

Helios Towers plc announced the purchase of 360,000 of its ordinary shares as part of its ongoing share buyback program, with the shares acquired at an average price of 157.74 pence per share. This move is intended to cancel the purchased shares, thereby reducing the total number of shares in circulation, which could potentially enhance shareholder value by increasing earnings per share and signaling confidence in the company’s financial health.

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, primarily focusing on providing tower infrastructure services. The company is a key player in the market, facilitating mobile network operators by offering them the necessary infrastructure to expand their coverage and capacity.

Average Trading Volume: 2,794,445

Technical Sentiment Signal: Buy

Current Market Cap: £1.62B

For an in-depth examination of HTWS stock, go to TipRanks’ Overview page.