Helios Towers (LON:HTWS) Stock Price Down 1.4% – What’s Next?

Helios Towers plc (LON:HTWS) shares were down 1.4% during trading on Thursday. The stock traded as low as GBX 213.80 and last traded at GBX 216.40. 2,852,706 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 16,845,699 shares. The stock had previously closed at GBX 219.40.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 285 price target on shares of Helios Towers in a research note on Wednesday, July 29th. 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 report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 283.33.

Helios Towers Stock Down 0.2%

The business’s 50 day simple moving average is GBX 205.19 and its 200 day simple moving average is GBX 207.42. The company has a quick ratio of 1.97, a current ratio of 1.22 and a debt-to-equity ratio of 5,608.54. The company has a market capitalization of £2.19 billion, a PE ratio of 90.00 and a beta of 1.11.

Helios Towers declared that its board has approved a stock repurchase plan on Thursday, September 17th that permits the company to repurchase $175.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 8.3% of its stock through open market purchases. Share repurchase plans are typically an indication that the company’s management believes its stock is 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.