Helios Towers Executes Share Buyback to Optimize Capital Structure

Helios Towers ( (GB:HTWS) ) has issued an update.

Helios Towers PLC announced the purchase of 349,960 of its ordinary shares as part of its share buyback program. This move, executed through Jefferies International Limited, aims to cancel the purchased shares, thereby reducing the total number of shares in issue to 1,048,940,702. This strategic action is expected to enhance shareholder value and optimize the company’s capital structure.

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 portfolio of telecom towers across several markets, facilitating mobile network operators in expanding their coverage and capacity.

YTD Price Performance: 69.40%

Average Trading Volume: 2,784,080

Technical Sentiment Signal: Buy

Current Market Cap: £1.62B

For detailed information about HTWS stock, go to TipRanks’ Stock Analysis page.