Helios Towers (LON:HTWS) Reaches New 52-Week High - Here's What Happened

Key Points

• Helios Towers shares reached a new 52-week high of GBX 137.20, last trading at GBX 136.40 with a total volume of 210,035 shares.
• Analyst ratings indicate a strong sentiment, with a consensus average rating of "Buy" and a price target of GBX 215, along with restated ratings from Deutsche Bank and Berenberg Bank.
• The company, which operates telecommunications infrastructure across multiple African and Middle Eastern countries, is valued with a market capitalization of £1.48 billion and has a P/E ratio of 1,805.26.

Shares of Helios Towers plc (LON:HTWS - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 137.20 ($1.86) and last traded at GBX 136.40 ($1.85), with a volume of 210035 shares changing hands. The stock had previously closed at GBX 135 ($1.83).

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HTWS shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 255 target price on shares of Helios Towers in a report on Monday, August 4th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 175 price target on shares of Helios Towers in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of GBX 215.

Helios Towers Stock Up 0.8%

The stock has a market cap of £1.55 billion, a PE ratio of 1,897.37 and a beta of 0.50. The company has a debt-to-equity ratio of -2,151.68, a quick ratio of 1.97 and a current ratio of 1.24. The company's 50-day moving average price is GBX 124.67 and its 200 day moving average price is GBX 115.25.

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.