Helios Towers (LON:HTWS) Trading Up 0.9% – Should You Buy?

Helios Towers plc (LON:HTWS)’s stock price traded up 0.9% on Monday . The stock traded as high as GBX 165.21 and last traded at GBX 165.21. 954,567 shares changed hands during trading, a decline of 74% from the average session volume of 3,671,629 shares. The stock had previously closed at GBX 163.80.

Analysts Set New Price Targets

HTWS has been the subject of several recent analyst reports. Berenberg Bank increased their price objective on Helios Towers from GBX 175 to GBX 215 and gave the company a “buy” rating in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Helios Towers from GBX 255 to GBX 245 and set a “buy” rating on the stock in a report on Thursday, September 18th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Helios Towers has a consensus rating of “Buy” and an average price target of GBX 230.

Helios Towers Stock Up 0.9%

The stock has a market cap of £1.73 billion, a P/E ratio of 21.74 and a beta of 0.50. The firm has a 50 day simple moving average of GBX 157.24 and a 200-day simple moving average of GBX 139.22. The company has a quick ratio of 1.97, a current ratio of 1.24 and a debt-to-equity ratio of -2,151.68.

Helios Towers declared that its board has authorized a share repurchase program on Thursday, November 6th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

About Helios Towers

Helios Towers is a leading independent telecommunications infrastructure company, having established one of the most extensive tower portfolios across Africa and the Middle East. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.

Helios Towers owns and operates telecommunication tower sites in Tanzania, Democratic Republic of Congo, Congo Brazzaville, Ghana, South Africa, Senegal, Madagascar, Malawi and Oman.

Helios Towers pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators.