Helios Towers (LON:HTWS) Stock Price Down 0% – Should You Sell?

Helios Towers plc (LON:HTWS)’s share price traded down 0% on Thursday . The company traded as low as GBX 195.50 and last traded at GBX 197.49. 2,261,124 shares changed hands during trading, a decline of 87% from the average daily volume of 17,964,449 shares. The stock had previously closed at GBX 197.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 285 price target on shares of Helios Towers in a report on Wednesday, July 29th. Berenberg Bank boosted their price objective on Helios Towers from GBX 275 to GBX 295 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 283.33.

Helios Towers Stock Performance

The firm’s 50 day moving average price is GBX 200.10 and its 200-day moving average price is GBX 204.51. The firm has a market cap of £2.00 billion, a price-to-earnings ratio of 82.29 and a beta of 1.11. The company has a debt-to-equity ratio of 5,608.54, a current ratio of 1.22 and a quick ratio of 1.97.

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.