Helios Towers (OTCMKTS:HTWSF) Trading Up 7% – Here’s What Happened

Shares of Helios Towers plc (OTCMKTS:HTWSFGet Free Report) rose 7% on Wednesday . The company traded as high as $2.75 and last traded at $2.75. Approximately 15,100 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 10,457 shares. The stock had previously closed at $2.57.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Helios Towers in a report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Helios Towers presently has a consensus rating of “Buy”.

Read Our Latest Research Report on Helios Towers

Helios Towers Stock Up 3.2%

The stock has a 50 day simple moving average of $2.92 and a two-hundred day simple moving average of $2.68.

Helios Towers Company Profile

(Get Free Report)

Helios Towers is a leading independent telecommunications tower company that develops, owns and operates mobile infrastructure across key emerging markets. The company’s core business involves building and managing shared passive infrastructure, including tower sites, rooftop installations and related equipment shelters. By leasing space on its towers to multiple mobile network operators, Helios Towers enables its customers to expand network coverage, enhance service quality and optimize capital expenditure.

Founded in 2007 and headquartered in London, Helios Towers has grown through a combination of greenfield developments and acquisitions.

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