Helios Towers (LON:HTWS) Shares Up 1% – Time to Buy?

Helios Towers plc (LON:HTWS) traded up 1% during trading on Thursday . The company traded as high as GBX 207.80 and last traded at GBX 203. 89,548,266 shares were traded during trading, an increase of 363% from the average session volume of 19,328,270 shares. The stock had previously closed at GBX 201.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HTWS shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 285 price objective on shares of Helios Towers in a report on Wednesday, July 29th. Berenberg Bank boosted 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 analysts have rated the stock with a Buy rating, According to MarketBeat.com, Helios Towers presently has an average rating of “Buy” and an average target price of GBX 283.33.

Helios Towers Price Performance

The company’s fifty day moving average is GBX 203.08 and its 200 day moving average is GBX 203.10. 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 stock has a market cap of £2.10 billion, a PE ratio of 85.92 and a beta of 1.12.

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.