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An announcement from Helios Towers ( (GB:HTWS) ) is now available.
Helios Towers plc announced the purchase of 150,000 of its ordinary shares as part of its share buyback program. The shares were purchased through Jefferies International Limited and will be canceled, reducing the total number of shares in issue to 1,048,080,702. This move is part of the company’s strategy to manage its capital structure and potentially increase 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 and managing telecom towers. The company serves mobile network operators by offering services that enhance network coverage and capacity, particularly in emerging markets.
Average Trading Volume: 2,804,663
Technical Sentiment Signal: Buy
Current Market Cap: £1.64B
See more insights into HTWS stock on TipRanks’ Stock Analysis page.