Helios Towers plc (LON:HTWS - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 145.20 ($1.96) and last traded at GBX 144.20 ($1.94), with a volume of 3184361 shares changing hands. The stock had previously closed at GBX 143 ($1.93).
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Helios Towers from GBX 255 to GBX 245 and set a "buy" rating on the stock in a research report on Thursday. Berenberg Bank reissued a "buy" rating and set a GBX 175 price target on shares of Helios Towers in a research report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Helios Towers currently has a consensus rating of "Buy" and a consensus target price of GBX 210.
Check Out Our Latest Stock Analysis on Helios Towers
Helios Towers Stock Performance
The stock has a market cap of £1.50 billion, a P/E ratio of 1,828.95 and a beta of 0.50. The stock has a 50 day simple moving average of GBX 126.78 and a 200 day simple moving average of GBX 116.50. 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.
Helios Towers Company Profile
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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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