Helios Towers (LON:HTWS) Hits New 1-Year High – What’s Next?

Shares of Helios Towers plc (LON:HTWS) 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 trading hands. The stock had previously closed at GBX 151.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HTWS shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Helios Towers from GBX 255 to GBX 245 and set a “buy” rating on the stock in a report on Thursday, September 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 175 target price on shares of Helios Towers in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 210.

Helios Towers Trading Down 2.7%

The company has a debt-to-equity ratio of -2,151.68, a current ratio of 1.24 and a quick ratio of 1.97. The firm has a market cap of £1.80 billion, a price-to-earnings ratio of 22.00 and a beta of 0.50. The firm’s fifty day moving average is GBX 144.55 and its 200-day moving average is GBX 127.75.

Helios Towers declared that its board has authorized a stock buyback program on Thursday, November 6th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management 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.