Helios Towers (LON:HTWS) Trading Up 1% – Still a Buy?

Helios Towers plc (LON:HTWS)’s share price rose 1% during mid-day trading on Thursday . The company traded as high as GBX 207.80 and last traded at GBX 203. Approximately 89,548,266 shares were traded during trading, an increase of 363% from the average daily volume of 19,328,270 shares. The stock had previously closed at GBX 201.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 270 price objective on shares of Helios Towers in a report on Wednesday, April 22nd. Berenberg Bank lifted their target price on shares of Helios Towers from GBX 275 to GBX 295 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 285 target price on shares of Helios Towers in a research report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Helios Towers presently has a consensus rating of “Buy” and a consensus price target of GBX 283.33.

Helios Towers Stock Performance

The company has a market capitalization of £2.07 billion, a PE ratio of 84.58 and a beta of 1.12. The business’s 50-day moving average is GBX 203.40 and its 200-day moving average is GBX 203.08. The company has a debt-to-equity ratio of 5,608.54, a quick ratio of 1.97 and a current ratio of 1.22.

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.