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The latest update is out from Helios Towers ( (GB:HTWS) ).
Helios Towers plc announced the purchase of 155,000 of its own ordinary shares as part of its ongoing share buyback programme. The shares, acquired through Jefferies International Limited, will be canceled, reducing the total number of shares in issue to 1,045,142,373. This move is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:HTWS) stock is a Hold with a £174.00 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 positive technical indicators and a robust share buyback program, which enhance shareholder value. However, the high leverage and negative revenue growth rate are significant concerns. The valuation is relatively high, which may deter some investors.
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, focusing on providing tower infrastructure services. The company is known for its extensive network of telecommunications towers across multiple markets, primarily in Africa, where it supports mobile network operators by offering infrastructure solutions to enhance connectivity and coverage.
Average Trading Volume: 2,704,909
Technical Sentiment Signal: Buy
Current Market Cap: £1.66B
For detailed information about HTWS stock, go to TipRanks’ Stock Analysis page.