Helios Towers (LON:HTWS) Stock Price Down 1.9% – What’s Next?

Helios Towers plc (LON:HTWS)’s share price fell 1.9% during mid-day trading on Tuesday . The company traded as low as GBX 161.80 and last traded at GBX 162. 941,444 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 3,718,386 shares. The stock had previously closed at GBX 165.20.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on shares of Helios Towers from GBX 175 to GBX 215 and gave the company a “buy” rating in a report on Thursday, November 13th. 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 Down 1.9%

The stock has a market capitalization of £1.69 billion, a price-to-earnings ratio of 21.32 and a beta of 0.50. 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. The business’s 50-day moving average is GBX 161.08 and its two-hundred day moving average is GBX 144.31.

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

Helios Towers Company Profile

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.