Helios Towers (LON:HTWS) Reaches New 52-Week High – Time to Buy?

Helios Towers plc (LON:HTWS)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 204 and last traded at GBX 202, with a volume of 147954 shares. The stock had previously closed at GBX 201.50.

Analyst Ratings Changes

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

Helios Towers Trading Down 0.5%

The company has a debt-to-equity ratio of -2,151.68, a quick ratio of 1.97 and a current ratio of 1.24. The stock has a market capitalization of £2.08 billion, a PE ratio of 26.38 and a beta of 0.50. The business’s 50-day moving average is GBX 175.79 and its two-hundred day moving average is GBX 156.93.

Helios Towers announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 6th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are 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.