Helios Towers (LON:HTWS) Trading Down 0% – Here’s Why

Helios Towers plc (LON:HTWS) fell 0% during mid-day trading on Thursday . The company traded as low as GBX 195.50 and last traded at GBX 197.49. 2,261,124 shares were traded during trading, a decline of 87% from the average session volume of 17,964,449 shares. The stock had previously closed at GBX 197.50.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HTWS shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 285 price objective on shares of Helios Towers in a report on Wednesday, July 29th. Berenberg Bank lifted their target price on Helios Towers from GBX 275 to GBX 295 and gave the company a “buy” rating in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Helios Towers presently has an average rating of “Buy” and an average target price of GBX 283.33.

Helios Towers Stock Up 2.2%

The business’s 50 day moving average price is GBX 200.04 and its 200-day moving average price is GBX 204.48. The company has a debt-to-equity ratio of 5,608.54, a quick ratio of 1.97 and a current ratio of 1.22. The firm has a market capitalization of £2.03 billion, a PE ratio of 83.27 and a beta of 1.11.

About Helios Towers

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.