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Helios Towers ( (GB:HTWS) ) has issued an update.
Helios Towers plc has announced the purchase of 154,000 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 1,045,297,373. This move is part of Helios Towers’ 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, providing tower infrastructure services primarily in Africa. The company focuses on owning and operating telecommunications towers, enabling mobile network operators to expand their coverage and capacity.
Average Trading Volume: 2,704,909
Technical Sentiment Signal: Buy
Current Market Cap: £1.66B
For an in-depth examination of HTWS stock, go to TipRanks’ Overview page.