Helios Towers (LON:HTWS) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

Shares of Helios Towers plc (LON:HTWS) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 208.89 and traded as high as GBX 214.80. Helios Towers shares last traded at GBX 213.60, with a volume of 5,389,326 shares trading hands.

Wall Street Analyst Weigh In

HTWS has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 315 price target on shares of Helios Towers in a research report on Thursday. Berenberg Bank upped their target price on shares of Helios Towers from GBX 295 to GBX 310 and gave the company a “buy” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 285 price target on shares of Helios Towers in a research note on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 303.33.

Helios Towers Price Performance

The stock has a market capitalization of £2.25 billion, a PE ratio of 92.47 and a beta of 1.11. The company has a current ratio of 1.22, a quick ratio of 1.97 and a debt-to-equity ratio of 5,608.54. The company’s 50 day simple moving average is GBX 208.89 and its 200 day simple moving average is GBX 202.61.

Helios Towers declared that its Board of Directors has authorized a share repurchase program on Thursday, September 17th that allows the company to buy back £130.86 million in outstanding shares. This buyback authorization allows the company to buy up to 6.2% of its stock through open market purchases. Share buyback programs are typically an indication that the company’s board 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.