Helios Towers (LON:HTWS) Hits New 1-Year High – What’s Next?

Helios Towers plc (LON:HTWS) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 247.60 and last traded at GBX 246.80, with a volume of 260905 shares changing hands. The stock had previously closed at GBX 245.09.

Analysts Set New Price Targets

Several analysts recently commented on HTWS shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 270 target price on shares of Helios Towers in a research report on Wednesday, April 22nd. Berenberg Bank raised their target price on Helios Towers from GBX 215 to GBX 230 and gave the company a “buy” rating in a research report on Thursday, March 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 285 price objective on shares of Helios Towers in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 261.67.

Helios Towers Stock Up 0.7%

The company has a quick ratio of 1.97, a current ratio of 1.26 and a debt-to-equity ratio of 4,940.69. The firm has a market cap of £2.53 billion, a price-to-earnings ratio of 74.79 and a beta of 1.08. The stock’s 50 day moving average is GBX 203.01 and its 200 day moving average is GBX 182.42.

Insider Activity at Helios Towers

In related news, insider Tom Greenwood acquired 87,085 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of GBX 173 per share, for a total transaction of £150,657.05. 1.45% of the stock is owned by corporate insiders.

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.