Helios Towers (LON:HTWS) Stock Price Up 1% – Still a Buy?

Helios Towers plc (LON:HTWS)’s share price shot up 1% during trading on Thursday . The stock traded as high as GBX 207.80 and last traded at GBX 203. Approximately 89,548,266 shares changed hands during mid-day trading, an increase of 363% from the average session volume of 19,328,270 shares. The stock had previously closed at GBX 201.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HTWS. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 270 price target on shares of Helios Towers in a report on Wednesday, April 22nd. Berenberg Bank increased their price objective on shares of Helios Towers from GBX 275 to GBX 295 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 285 price objective on shares of Helios Towers in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Helios Towers currently has a consensus rating of “Buy” and a consensus target price of GBX 283.33.

Helios Towers Stock Performance

The company has a market capitalization of £2.07 billion, a PE ratio of 84.58 and a beta of 1.12. The company has a current ratio of 1.22, a quick ratio of 1.97 and a debt-to-equity ratio of 5,608.54. The business’s fifty day moving average is GBX 203.40 and its two-hundred day moving average is GBX 203.08.

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.