Helios Towers (LON:HTWS) Hits New 52-Week High – Here’s Why

Helios Towers plc (LON:HTWS) shares reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 154.40 and last traded at GBX 153.94, with a volume of 2588635 shares changing hands. The stock had previously closed at GBX 151.60.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HTWS. Deutsche Bank Aktiengesellschaft dropped their price objective on Helios Towers from GBX 255 to GBX 245 and set a “buy” rating on the stock in a report on Thursday, September 18th. Berenberg Bank reiterated a “buy” rating and issued a GBX 175 price objective on shares of Helios Towers in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 210.

Helios Towers Stock Up 2.2%

The business has a 50 day moving average of GBX 142.54 and a 200-day moving average of GBX 126.81. The stock has a market cap of £1.67 billion, a PE ratio of 20.39 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 1.97 and a debt-to-equity ratio of -2,151.68.

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.