Helios Towers Advances Share Buyback Program with Recent Purchase

An announcement from Helios Towers ( (GB:HTWS) ) is now available.

Helios Towers plc announced the purchase of 155,000 of its ordinary shares as part of its share buyback program, with the shares being acquired at a volume-weighted average price of 159.75 pence. This move is part of the company’s strategy to manage its capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation, thereby impacting the company’s market positioning and financial metrics.

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 known for its extensive network of telecommunications towers across several African markets, supporting mobile network operators in expanding their coverage and capacity.

Average Trading Volume: 2,851,516

Technical Sentiment Signal: Buy

Current Market Cap: £1.67B

Find detailed analytics on HTWS stock on TipRanks’ Stock Analysis page.