Helios Towers (LON:HTWS) Sets New 12-Month High – What’s Next?

Shares of Helios Towers plc (LON:HTWS) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 247.60 and last traded at GBX 246.80, with a volume of 260905 shares traded. The stock had previously closed at GBX 245.09.

Wall Street Analysts Forecast Growth

HTWS has been the topic of several research reports. Berenberg Bank lifted their price objective on shares of Helios Towers from GBX 215 to GBX 230 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 285 price objective on shares of Helios Towers in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 270 price objective on shares of Helios Towers in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Helios Towers currently has a consensus rating of “Buy” and an average target price of GBX 261.67.

Helios Towers Price Performance

The stock has a market cap of £2.43 billion, a PE ratio of 71.94 and a beta of 1.08. The company has a debt-to-equity ratio of 4,940.69, a current ratio of 1.26 and a quick ratio of 1.97. The firm’s 50 day moving average price is GBX 205.47 and its two-hundred day moving average price is GBX 183.51.

Insider Buying and Selling at Helios Towers

In other Helios Towers news, insider Tom Greenwood bought 87,085 shares of Helios Towers stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of GBX 173 per share, for a total transaction of £150,657.05. 1.45% of the stock is owned by insiders.

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.