Helios Towers (LON:HTWS) Insider Acquires £150,657.05 in Stock

Helios Towers plc (LON:HTWS) insider Tom Greenwood bought 87,085 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of GBX 173 per share, with a total value of £150,657.05.

Helios Towers Price Performance

Helios Towers stock traded up GBX 4.80 during mid-day trading on Monday, hitting GBX 182.80. The company’s stock had a trading volume of 634,036 shares, compared to its average volume of 4,833,503. The stock has a market capitalization of £1.90 billion, a P/E ratio of 24.05 and a beta of 1.55. Helios Towers plc has a twelve month low of GBX 92.50 and a twelve month high of GBX 204. The stock’s fifty day moving average price is GBX 180.73 and its two-hundred day moving average price is GBX 161.44. The company has a quick ratio of 1.97, a current ratio of 1.53 and a debt-to-equity ratio of 2,536.49.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their target price on Helios Towers from GBX 215 to GBX 230 and gave the stock a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 237.50.

About Helios Towers

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.