Helios Towers (LON:HTWS) Hits New 52-Week High – Here’s Why

Helios Towers plc (LON:HTWS) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 154.40 and last traded at GBX 153.94, with a volume of 2588635 shares. The stock had previously closed at GBX 151.60.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Helios Towers from GBX 255 to GBX 245 and set a “buy” rating on the stock in a research note on Thursday, September 18th. Berenberg Bank reissued a “buy” rating and set a GBX 175 target price on shares of Helios Towers in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 210.

Helios Towers Trading Up 2.2%

The company has a fifty day simple moving average of GBX 142.54 and a two-hundred day simple moving average of GBX 126.81. The company has a current ratio of 1.24, a quick ratio of 1.97 and a debt-to-equity ratio of -2,151.68. The company has a market cap of £1.67 billion, a PE ratio of 20.39 and a beta of 0.50.

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.