Helios Towers (LON:HTWS) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

Helios Towers plc (LON:HTWS)’s stock price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 208.89 and traded as high as GBX 214.80. Helios Towers shares last traded at GBX 213.60, with a volume of 5,389,326 shares traded.

Analysts Set New Price Targets

Several analysts have commented on HTWS shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 285 price target on shares of Helios Towers in a report on Thursday, October 29th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 315 price objective on shares of Helios Towers in a report on Thursday. Finally, Berenberg Bank raised their target price on shares of Helios Towers from GBX 295 to GBX 310 and gave the stock a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 303.33.

Helios Towers Stock Performance

The stock’s fifty day simple moving average is GBX 208.89 and its two-hundred day simple moving average is GBX 202.61. The company has a market cap of £2.25 billion, a price-to-earnings ratio of 92.47 and a beta of 1.11. 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.

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

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.