Helios Towers (LON:HTWS) Hits New 52-Week High - Still a Buy?

Key Points

• New 52-week high: Shares reached GBX 203.20 (last GBX 199.80) on heavy volume, and Berenberg raised its target to GBX 230 while the stock carries a consensus Buy rating with an average target of GBX 237.50.
• Valuation and balance sheet show a high PE of 60.55 and market cap of £2.05bn, but also an extremely elevated debt-to-equity of 4,940.69, with 50- and 200-day moving averages at GBX 186.15 and GBX 166.88 respectively.
• Insider activity: director Tom Greenwood bought 87,085 shares at GBX 173 (~£150,657), and company insiders collectively own 1.45% of the stock.

Helios Towers plc (LON:HTWS - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 203.20 and last traded at GBX 199.80, with a volume of 144412609 shares trading hands. The stock had previously closed at GBX 193.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their target price on shares of Helios Towers from GBX 215 to GBX 230 and gave the company a "buy" rating in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of GBX 237.50.

Helios Towers Stock Performance

The company has a current ratio of 1.26, a quick ratio of 1.97 and a debt-to-equity ratio of 4,940.69. The business's 50 day moving average is GBX 186.15 and its two-hundred day moving average is GBX 166.88. The company has a market cap of £2.05 billion, a PE ratio of 60.55 and a beta of 1.07.

Insider Buying and Selling at Helios Towers

In other news, insider Tom Greenwood bought 87,085 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of GBX 173 per share, for a total transaction of £150,657.05. Company insiders own 1.45% of the company's stock.

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.

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