Helios Towers (LON:HTWS) Trading Up 1.5% – Should You Buy?

Shares of Helios Towers plc (LON:HTWS) were up 1.5% during trading on Monday . The company traded as high as GBX 95.30 ($1.19) and last traded at GBX 94.44 ($1.18). Approximately 1,433,747 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 1,357,471 shares. The stock had previously closed at GBX 93 ($1.16).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 195 ($2.44) price objective on shares of Helios Towers in a research report on Thursday, November 7th.

Helios Towers Price Performance

The company has a current ratio of 1.24, a quick ratio of 1.97 and a debt-to-equity ratio of 17,889.32. The stock has a market capitalization of £991.60 million, a PE ratio of -1,573.97 and a beta of 0.50. The business has a fifty day moving average price of GBX 115.99 and a 200-day moving average price of GBX 116.95.

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.