Helios Towers (LON:HTWS) Trading 0.9% Higher – What’s Next?

Helios Towers plc (LON:HTWS) was up 0.9% on Monday . The company traded as high as GBX 165.21 and last traded at GBX 165.21. Approximately 954,567 shares traded hands during trading, a decline of 74% from the average daily volume of 3,671,629 shares. The stock had previously closed at GBX 163.80.

Analyst Ratings Changes

A number of research firms recently commented on HTWS. Berenberg Bank upped their price objective on shares of Helios Towers from GBX 175 to GBX 215 and gave the company a “buy” rating in a research report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft decreased their target price on Helios Towers from GBX 255 to GBX 245 and set a “buy” rating for the company in a research note on Thursday, September 18th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 230.

Helios Towers Stock Up 0.9%

The stock’s fifty day moving average price is GBX 157.24 and its 200-day moving average price is GBX 139.22. The company has a quick ratio of 1.97, a current ratio of 1.24 and a debt-to-equity ratio of -2,151.68. The company has a market capitalization of £1.73 billion, a price-to-earnings ratio of 21.74 and a beta of 0.50.

Helios Towers declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 6th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are 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.