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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 ongoing share buyback program. This move, executed through Jefferies International Limited, aims to cancel the purchased shares, reducing the total number of shares in issue to 1,046,207,373. The buyback is part of a strategy to manage the company’s 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, primarily focusing on providing and managing tower infrastructure for mobile network operators. The company is known for its extensive portfolio of telecom towers across several markets, facilitating improved network coverage and capacity for its clients.
YTD Price Performance: 74.21%
Average Trading Volume: 2,844,007
Technical Sentiment Signal: Buy
Current Market Cap: £1.67B
Learn more about HTWS stock on TipRanks’ Stock Analysis page.