Helios Towers (LON:HTWS) Hits New 52-Week High – Still a Buy?

Helios Towers plc (LON:HTWS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 203.20 and last traded at GBX 199.80, with a volume of 144412609 shares trading hands. The stock had previously closed at GBX 193.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their price target on shares of Helios Towers from GBX 215 to GBX 230 and gave the company a “buy” rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 237.50.

Helios Towers Stock Performance

The company has a debt-to-equity ratio of 4,940.69, a quick ratio of 1.97 and a current ratio of 1.26. The company has a market capitalization of £2.05 billion, a P/E ratio of 60.55 and a beta of 1.07. The business’s fifty day simple moving average is GBX 186.15 and its 200-day simple moving average is GBX 166.88.

Insider Transactions at Helios Towers

In related news, insider Tom Greenwood purchased 87,085 shares of Helios Towers stock in a transaction on Friday, March 13th. The shares were bought at an average cost of GBX 173 per share, for a total transaction of £150,657.05. Corporate 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.