Helios Towers (LON:HTWS) Hits New 1-Year High – Here’s Why

Helios Towers plc (LON:HTWS) hit a new 52-week high on Friday . The stock traded as high as GBX 204 and last traded at GBX 202, with a volume of 147954 shares changing hands. The stock had previously closed at GBX 201.50.

Analyst Upgrades and Downgrades

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

Helios Towers Price Performance

The firm has a market capitalization of £2.09 billion, a P/E ratio of 26.39 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’s 50 day moving average is GBX 174.96 and its 200-day moving average is GBX 156.13.

Helios Towers declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 6th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board 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.