Helios Towers (LON:HTWS) Sets New 1-Year High - Here's What Happened

Key Points

• Helios Towers' stock reached a new 52-week high of GBX 150.40 ($2.03) during trading, reflecting a significant increase from its previous closing price of GBX 142.40 ($1.92).
• Analysts maintain a consensus rating of "Buy" for Helios Towers, with an average price target of GBX 210, despite some recent target price reductions.
• The company operates an extensive telecommunications infrastructure portfolio across Africa and the Middle East, offering services to mobile network operators.

Helios Towers plc (LON:HTWS - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 150.40 ($2.03) and last traded at GBX 148.80 ($2.01), with a volume of 16241358 shares trading hands. The stock had previously closed at GBX 142.40 ($1.92).

Analyst Ratings Changes

HTWS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on Helios Towers from GBX 255 to GBX 245 and set a "buy" rating on the stock in a report on Thursday, September 18th. Berenberg Bank reissued a "buy" rating and set a GBX 175 price objective on shares of Helios Towers in a report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Helios Towers currently has a consensus rating of "Buy" and an average price target of GBX 210.

Helios Towers Stock Performance

The stock has a market cap of £1.61 billion, a price-to-earnings ratio of 1,965.79 and a beta of 0.50. The stock's 50 day moving average is GBX 127.22 and its two-hundred day moving average is GBX 117.11. 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.

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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