Helios Towers (LON:HTWS) Hits New 52-Week High – What’s Next?

Helios Towers plc (LON:HTWS) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 183.20 and last traded at GBX 180.60, with a volume of 11974226 shares changing hands. The stock had previously closed at GBX 176.80.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their price target on shares of Helios Towers from GBX 175 to GBX 215 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 230.

Helios Towers Stock Performance

The company has a debt-to-equity ratio of -2,151.68, a quick ratio of 1.97 and a current ratio of 1.24. The firm’s 50-day moving average price is GBX 164 and its two-hundred day moving average price is GBX 147.87. The stock has a market cap of £1.88 billion, a price-to-earnings ratio of 23.76 and a beta of 0.50.

Helios Towers announced that its Board of Directors has initiated a share buyback program on Thursday, November 6th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are 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.