TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Helios Towers ( (GB:HTWS) ) has provided an announcement.
Helios Towers plc has announced the purchase of 159,697 of its ordinary shares as part of its ongoing share buyback programme. The company intends to cancel these shares, reducing the total number of ordinary shares in issue to 1,047,602,582. This move is part of a strategy to manage its share capital and potentially enhance 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 is a company operating in the telecommunications infrastructure industry, primarily focused on providing tower infrastructure services. The company is engaged in the acquisition, management, and leasing of telecommunications towers across various markets.
Average Trading Volume: 2,761,386
Technical Sentiment Signal: Buy
Current Market Cap: £1.6B
Learn more about HTWS stock on TipRanks’ Stock Analysis page.