Helios Towers (LON:HTWS) Sets New 1-Year High – What’s Next?

Shares of Helios Towers plc (LON:HTWS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 195 and last traded at GBX 194.42, with a volume of 549474 shares changing hands. The stock had previously closed at GBX 191.40.

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their target price on shares of Helios Towers from GBX 175 to GBX 215 and gave the company a “buy” rating in a research note on Thursday, November 13th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Helios Towers has an average rating of “Buy” and an average target price of GBX 230.

Helios Towers Price Performance

The company has a market capitalization of £2.02 billion, a P/E ratio of 25.58 and a beta of 0.50. 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 business has a 50 day simple moving average of GBX 167.93 and a 200-day simple moving average of GBX 151.53.

Helios Towers declared that its board has initiated a share repurchase plan on Thursday, November 6th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.