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The latest update is out from Helios Towers ( (GB:HTWS) ).
Helios Towers plc announced the purchase of 159,101 of its ordinary shares as part of its ongoing share buyback programme. The shares were acquired through Jefferies International Limited at a volume-weighted average price of 152.95 pence per share. The company plans to cancel these shares, reducing the total number of shares in issue to 1,047,762,279. This move is part of a strategic effort to manage its capital structure 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, primarily focusing on the construction and management of telecommunications towers. The company provides essential infrastructure services to mobile network operators, facilitating improved connectivity and network coverage.
YTD Price Performance: 66.78%
Average Trading Volume: 2,761,386
Technical Sentiment Signal: Buy
Current Market Cap: £1.6B
For detailed information about HTWS stock, go to TipRanks’ Stock Analysis page.