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An update from Helios Towers ( (GB:HTWS) ) is now available.
Helios Towers plc has announced the purchase of 350,000 of its own ordinary shares as part of a share buyback program. The shares, purchased through Jefferies International Limited, will be canceled, reducing the total number of shares in issue to 1,049,640,662. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:HTWS) stock is a Hold with a £182.00 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, which it leases to mobile network operators across multiple markets.
Average Trading Volume: 2,750,079
Technical Sentiment Signal: Buy
Current Market Cap: £1.71B
Learn more about HTWS stock on TipRanks’ Stock Analysis page.