Helios Towers (LON:HTWS) Stock Price Up 0.5% – Here’s Why

Helios Towers plc (LON:HTWS)’s share price traded up 0.5% on Wednesday . The company traded as high as GBX 92.70 ($1.17) and last traded at GBX 92.40 ($1.16). 1,016,674 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 1,872,653 shares. The stock had previously closed at GBX 91.90 ($1.16).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 195 ($2.45) price target on shares of Helios Towers in a report on Thursday, November 7th.

Helios Towers Stock Performance

The company has a fifty day moving average price of GBX 92.44 and a two-hundred day moving average price of GBX 109.82. 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 company has a market capitalization of £1.23 billion, a P/E ratio of -10.10 and a beta of 0.50.

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.