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Helios Towers ( (GB:HTWS) ) has provided 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 1,046,825,645. This move is part of a strategic initiative to optimize the company’s 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 providing tower infrastructure services. The company is known for its extensive network of telecommunications towers across various markets, facilitating mobile network operators in expanding their coverage and capacity.
Average Trading Volume: 2,825,473
Technical Sentiment Signal: Buy
Current Market Cap: £1.67B
Find detailed analytics on HTWS stock on TipRanks’ Stock Analysis page.