Helios Towers (LON:HTWS) Hits New 1-Year High – Here’s Why

Helios Towers plc (LON:HTWS)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 242.40 and last traded at GBX 242.40, with a volume of 5050896 shares. The stock had previously closed at GBX 234.80.

Wall Street Analyst Weigh In

HTWS has been the topic of a number of research analyst reports. Berenberg Bank lifted their target price on Helios Towers from GBX 215 to GBX 230 and gave the stock a “buy” rating in a report on Thursday, March 12th. 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. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 285 target price on shares of Helios Towers in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 261.67.

Helios Towers Price Performance

The company has a current ratio of 1.26, a quick ratio of 1.97 and a debt-to-equity ratio of 4,940.69. The firm has a market cap of £2.47 billion, a price-to-earnings ratio of 73.15 and a beta of 1.08. The stock has a 50-day moving average of GBX 194.70 and a two-hundred day moving average of GBX 177.26.

Insider Buying and Selling at Helios Towers

In related news, insider Tom Greenwood purchased 87,085 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of GBX 173 per share, for a total transaction of £150,657.05. 1.45% of the stock is owned by company insiders.

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.