Helios Towers (LON:HTWS) Hits New 1-Year High – Should You Buy?

Helios Towers plc (LON:HTWS)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 183.20 and last traded at GBX 180.60, with a volume of 11974226 shares trading hands. The stock had previously closed at GBX 176.80.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price target on Helios Towers from GBX 175 to GBX 215 and gave the stock a “buy” rating in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Helios Towers has a consensus rating of “Buy” and an average price target of GBX 230.

Helios Towers Stock Up 2.1%

The business has a 50 day simple moving average of GBX 164 and a 200 day simple moving average of GBX 147.87. The company has a market capitalization of £1.88 billion, a price-to-earnings ratio of 23.76 and a beta of 0.50. The company has a debt-to-equity ratio of -2,151.68, a current ratio of 1.24 and a quick ratio of 1.97.

Helios Towers announced that its board has initiated a stock buyback plan on Thursday, November 6th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management 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.