Helios Towers (LON:HTWS) Reaches New 12-Month High - Still a Buy?

Key Points

• 52-week high: Helios Towers shares hit a new 52-week high of GBX 203.40 (last GBX 203.20) and were trading up about 3.5% on strong volume.
• Analyst optimism: Two analysts rate the stock a "Buy" with a consensus price target of GBX 250 (Deutsche Bank GBX 270; Berenberg GBX 230).
• Financial profile & insider buy: The company has a market cap of £2.08bn, a P/E of 61.6 and a very high reported debt-to-equity ratio (4,940.69), while insider Tom Greenwood purchased 87,085 shares at GBX 173.

Shares of Helios Towers plc (LON:HTWS - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as GBX 203.40 and last traded at GBX 203.20, with a volume of 2205076 shares. The stock had previously closed at GBX 196.30.

Wall Street Analysts Forecast Growth

HTWS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 270 price objective on shares of Helios Towers in a research report on Wednesday, April 22nd. Berenberg Bank lifted their price target on shares of Helios Towers from GBX 215 to GBX 230 and gave the company a "buy" rating in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 250.

Helios Towers Trading Up 3.5%

The stock's 50-day simple moving average is GBX 190.78 and its two-hundred day simple moving average is GBX 173.52. The company has a debt-to-equity ratio of 4,940.69, a current ratio of 1.26 and a quick ratio of 1.97. The firm has a market capitalization of £2.08 billion, a P/E ratio of 61.58 and a beta of 1.06.

Insider Buying and Selling at Helios Towers

In other news, insider Tom Greenwood bought 87,085 shares of the company's stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of GBX 173 per share, with a total value 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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