Tenaris SA
TEN: XMIL (ITA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.^ZGpS> | LOCK|%yg# | LOCK|PzXzkC |
Tenaris: Share Buybacks a Good Use of Capital but Threads the Needle With Other Options
Tenaris announced that its board has approved a share repurchase program of up to $1.2 billion. The repurchases must be executed within a year, and Tenaris expects the program to launch in June 2025.
