Helios Towers (LON:HTWS) Reaches New 1-Year High – Still a Buy?

Helios Towers plc (LON:HTWS) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 186.60 and last traded at GBX 186.40, with a volume of 1576005 shares traded. The stock had previously closed at GBX 182.40.

Wall Street Analyst Weigh In

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

Helios Towers Trading Up 0.9%

The company has a current ratio of 1.24, a quick ratio of 1.97 and a debt-to-equity ratio of -2,151.68. The firm has a market capitalization of £1.91 billion, a price-to-earnings ratio of 24.21 and a beta of 0.50. The company has a fifty day moving average price of GBX 165.73 and a 200-day moving average price of GBX 149.62.

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