Helios Towers (LON:HTWS) Stock Price Up 3.7% – Should You Buy?

Helios Towers plc (LON:HTWS) shares rose 3.7% during mid-day trading on Thursday . The stock traded as high as GBX 102 ($1.32) and last traded at GBX 101.20 ($1.31). Approximately 6,185,042 shares traded hands during trading, an increase of 57% from the average daily volume of 3,940,788 shares. The stock had previously closed at GBX 97.60 ($1.26).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 175 ($2.26) price objective on shares of Helios Towers in a report on Thursday.

Helios Towers Trading Up 0.8 %

The stock has a market cap of £1.36 billion, a P/E ratio of -11.14 and a beta of 0.50. 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 50-day moving average price of GBX 93.94 and a two-hundred day moving average price of GBX 107.19.

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.