Helios Towers (LON:HTWS) Insider Purchases £132,600 in Stock

Helios Towers plc (LON:HTWS) insider Dana Tobak acquired 60,000 shares of the stock in a transaction on Friday, November 6th. The shares were bought at an average price of GBX 221 per share, for a total transaction of £132,600.

Helios Towers Price Performance

Helios Towers stock traded up GBX 4.10 during trading hours on Monday, reaching GBX 224.70. 3,590,506 shares of the stock were exchanged, compared to its average volume of 16,924,305. The company has a current ratio of 1.22, a quick ratio of 1.97 and a debt-to-equity ratio of 5,608.54. The company has a market cap of £2.27 billion, a P/E ratio of 93.62 and a beta of 1.11. The stock has a 50 day moving average of GBX 209.57 and a two-hundred day moving average of GBX 203.18. Helios Towers plc has a twelve month low of GBX 150 and a twelve month high of GBX 247.60.

Helios Towers declared that its Board of Directors has approved a stock repurchase plan on Thursday, September 17th that permits the company to repurchase £130.86 million in shares. This buyback authorization permits the company to buy up to 6.2% of its shares through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HTWS shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 315 target price on shares of Helios Towers in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Helios Towers from GBX 285 to GBX 290 and gave the stock a “buy” rating in a research note on Friday. Finally, Berenberg Bank lifted their target price on Helios Towers from GBX 295 to GBX 310 and gave the stock a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 305.

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.