Helios Towers (LON:HTWS) Hits New 52-Week High – Here’s Why

Helios Towers plc (LON:HTWS)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 242.40 and last traded at GBX 242.40, with a volume of 5050896 shares. The stock had previously closed at GBX 234.80.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 285 target price on shares of Helios Towers in a research note on Thursday, May 7th. Berenberg Bank boosted their price target on Helios Towers from GBX 215 to GBX 230 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 270 price objective on shares of Helios Towers in a research report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Helios Towers has a consensus rating of “Buy” and a consensus price target of GBX 261.67.

Helios Towers Stock Performance

The stock has a market capitalization of £2.41 billion, a price-to-earnings ratio of 71.43 and a beta of 1.08. The company’s fifty day simple moving average is GBX 193.10 and its 200 day simple moving average is GBX 175.93. The company has a quick ratio of 1.97, a current ratio of 1.26 and a debt-to-equity ratio of 4,940.69.

Insider Activity at Helios Towers

In related news, insider Tom Greenwood bought 87,085 shares of Helios Towers stock in a transaction that occurred on Friday, March 13th. The stock was acquired 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.

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.