Helios Towers (LON:HTWS) Shares Down 2.1% – Should You Sell?

Helios Towers plc (LON:HTWS)’s stock price traded down 2.1% on Wednesday . The company traded as low as GBX 188 and last traded at GBX 192.20. 181,740,547 shares traded hands during trading, an increase of 701% from the average daily volume of 22,680,018 shares. The stock had previously closed at GBX 196.30.

Wall Street Analyst Weigh In

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

Helios Towers Trading Down 2.1%

The company has a debt-to-equity ratio of 4,940.69, a current ratio of 1.26 and a quick ratio of 1.97. The stock’s 50-day moving average is GBX 221.50 and its two-hundred day moving average is GBX 195.60. The company has a market cap of £1.96 billion, a P/E ratio of 58.24 and a beta of 1.12.

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.