Helios Towers (LON:HTWS) Shares Down 0.9% – Time to Sell?

Shares of Helios Towers plc (LON:HTWS) traded down 0.9% during trading on Tuesday . The stock traded as low as GBX 220.20 and last traded at GBX 221. 127,092,336 shares were traded during trading, an increase of 470% from the average session volume of 22,283,275 shares. The stock had previously closed at GBX 223.

Analyst Upgrades and Downgrades

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

Helios Towers Stock Down 0.9%

The company has a debt-to-equity ratio of 4,940.69, a quick ratio of 1.97 and a current ratio of 1.26. The stock has a market cap of £2.26 billion, a P/E ratio of 66.97 and a beta of 1.11. The stock’s fifty day simple moving average is GBX 218.42 and its 200-day simple moving average is GBX 190.27.

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.