Helios Towers (LON:HTWS) Trading Up 15.6% – What’s Next?

Helios Towers plc (LON:HTWS) traded up 15.6% during trading on Thursday . The company traded as high as GBX 236.80 and last traded at GBX 234.92. 55,596,953 shares changed hands during trading, an increase of 157% from the average session volume of 21,611,350 shares. The stock had previously closed at GBX 203.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Berenberg Bank raised their price objective on shares of Helios Towers from GBX 215 to GBX 230 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 270 price target on shares of Helios Towers in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 285 price target on shares of Helios Towers in a report on Thursday. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 261.67.

Helios Towers Stock Performance

The company has a market cap of £2.40 billion, a PE ratio of 71.15 and a beta of 1.08. The firm’s fifty day moving average is GBX 191.57 and its 200 day moving average is GBX 174.60. The company has a current ratio of 1.26, a quick ratio of 1.97 and a debt-to-equity ratio of 4,940.69.

Insider Buying and Selling

In related news, insider Tom Greenwood purchased 87,085 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of GBX 173 per share, with a total value of £150,657.05. Insiders own 1.45% of the company’s stock.

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.