Helios Towers (LON:HTWS) Insider Acquires 60,000 Shares of Company Stock

Helios Towers plc (LON:HTWS) insider Dana Tobak purchased 60,000 shares of Helios Towers stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average price of GBX 221 per share, for a total transaction of £132,600.

Helios Towers Trading Up 1.9%

HTWS stock traded up GBX 4.10 during trading on Monday, hitting GBX 224.70. The company had a trading volume of 3,590,506 shares, compared to its average volume of 16,924,305. The firm has a 50-day moving average price of GBX 209.57 and a 200-day moving average price of GBX 203.18. The stock has a market cap of £2.27 billion, a price-to-earnings ratio of 93.62 and a beta of 1.11. Helios Towers plc has a 12 month low of GBX 150 and a 12 month high of GBX 247.60. 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.

Helios Towers announced that its Board of Directors has approved a share buyback program on Thursday, September 17th that permits the company to repurchase £130.86 million in shares. This repurchase authorization permits the company to reacquire up to 6.2% of its shares through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently commented on HTWS shares. Berenberg Bank upped their price objective on Helios Towers from GBX 295 to GBX 310 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Helios Towers from GBX 285 to GBX 290 and gave the stock a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 315 price objective on shares of Helios Towers in a report on Thursday. Three analysts have rated the stock with a Buy rating. According to MarketBeat.com, Helios Towers currently has a consensus rating of “Buy” and a consensus price target of GBX 305.

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.