Helios Towers (LON:HTWS) Insider Acquires £150,657.05 in Stock

Helios Towers plc (LON:HTWS) insider Tom Greenwood bought 87,085 shares of the stock in a transaction on Friday, March 13th. The shares were bought at an average cost of GBX 173 per share, for a total transaction of £150,657.05.

Helios Towers Price Performance

Shares of LON:HTWS traded up GBX 4.80 during trading on Monday, reaching GBX 182.80. The company had a trading volume of 634,036 shares, compared to its average volume of 4,833,503. The firm’s fifty day moving average is GBX 180.73 and its 200 day moving average is GBX 161.44. The firm has a market capitalization of £1.90 billion, a PE ratio of 24.05 and a beta of 1.55. Helios Towers plc has a twelve month low of GBX 92.50 and a twelve month high of GBX 204. The company has a debt-to-equity ratio of 2,536.49, a quick ratio of 1.97 and a current ratio of 1.53.

Analyst Ratings Changes

Separately, Berenberg Bank increased their price target on Helios Towers from GBX 215 to GBX 230 and gave the company a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 237.50.

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.