Helios Towers (LON:HTWS) Insider Tom Greenwood Acquires 87,085 Shares of Stock

Helios Towers plc (LON:HTWS) insider Tom Greenwood acquired 87,085 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of GBX 173 per share, for a total transaction of £150,657.05.

Helios Towers Price Performance

HTWS stock opened at GBX 182.80 on Tuesday. The firm has a 50 day moving average of GBX 181.14 and a 200-day moving average of GBX 161.81. The firm has a market capitalization of £1.90 billion, a P/E ratio of 24.05 and a beta of 1.55. The company has a current ratio of 1.53, a quick ratio of 1.97 and a debt-to-equity ratio of 2,536.49. Helios Towers plc has a 12 month low of GBX 92.50 and a 12 month high of GBX 204.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their price target on Helios Towers from GBX 215 to GBX 230 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Helios Towers presently has an average rating of “Buy” and an average target price of GBX 237.50.

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.