Helios Towers (LON:HTWS) Trading Down 2.1% – What’s Next?

Shares of Helios Towers plc (LON:HTWS) were down 2.1% during trading on Wednesday . The company traded as low as GBX 188 and last traded at GBX 192.20. Approximately 181,740,547 shares changed hands during trading, an increase of 701% from the average session volume of 22,680,018 shares. The stock had previously closed at GBX 196.30.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HTWS shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 285 price objective on shares of Helios Towers in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 270 target price on shares of Helios Towers in a research report on Wednesday, April 22nd. Finally, Berenberg Bank upped their target price on Helios Towers from GBX 215 to GBX 230 and gave the company a “buy” rating in a research note on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 261.67.

Helios Towers Trading Down 1.4%

The stock’s fifty day moving average price is GBX 221.58 and its 200 day moving average price is GBX 195.87. The company has a debt-to-equity ratio of 4,940.69, a current ratio of 1.26 and a quick ratio of 1.97. The stock has a market capitalization of £1.98 billion, a P/E ratio of 58.88 and a beta of 1.12.

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.