Helios Towers (LON:HTWS) Trading 0.9% Higher – Should You Buy?

Helios Towers plc (LON:HTWS)’s stock price traded up 0.9% during mid-day trading on Monday . The stock traded as high as GBX 165.21 and last traded at GBX 165.21. 954,567 shares were traded during mid-day trading, a decline of 74% from the average session volume of 3,671,629 shares. The stock had previously closed at GBX 163.80.

Analysts Set New Price Targets

A number of research firms recently weighed in on HTWS. Berenberg Bank raised their price target on Helios Towers from GBX 175 to GBX 215 and gave the company a “buy” rating in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Helios Towers from GBX 255 to GBX 245 and set a “buy” rating on the stock in a research report on Thursday, September 18th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 230.

Helios Towers Stock Performance

The stock has a fifty day moving average of GBX 158.07 and a 200-day moving average of GBX 139.73. The firm has a market capitalization of £1.72 billion, a P/E ratio of 21.66 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.

Helios Towers announced that its board has initiated a share buyback plan on Thursday, November 6th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are 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.