Helios Towers (LON:HTWS) Sets New 52-Week High – Still a Buy?

Helios Towers plc (LON:HTWS) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 203.40 and last traded at GBX 203.20, with a volume of 2205076 shares trading hands. The stock had previously closed at GBX 196.30.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HTWS. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 270 price objective on shares of Helios Towers in a research note on Wednesday, April 22nd. Berenberg Bank increased their price objective on shares of Helios Towers from GBX 215 to GBX 230 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 285 price objective on shares of Helios Towers in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Helios Towers has an average rating of “Buy” and an average price target of GBX 261.67.

Helios Towers Stock Performance

The company has a market capitalization of £2.40 billion, a PE ratio of 71.15 and a beta of 1.08. The stock’s fifty day simple moving average is GBX 191.57 and its 200-day simple moving average is GBX 174.60. The company has a debt-to-equity ratio of 4,940.69, a quick ratio of 1.97 and a current ratio of 1.26.

Insider Activity

In other news, insider Tom Greenwood purchased 87,085 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of GBX 173 per share, with a total value of £150,657.05. 1.45% of the stock is owned by corporate insiders.

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.