Helios Towers (LON:HTWS) Shares Down 1.8% - What's Next?

Shares of Helios Towers plc (LON:HTWS - Get Free Report) were down 1.8% during trading on Wednesday . The stock traded as low as GBX 120.20 ($1.63) and last traded at GBX 120.60 ($1.64). Approximately 1,264,328 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 2,920,105 shares. The stock had previously closed at GBX 122.80 ($1.67).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 175 ($2.38) target price on shares of Helios Towers in a report on Thursday, May 8th.

Helios Towers Stock Down 1.3%

The stock has a market cap of £1.57 billion, a price-to-earnings ratio of -12.89 and a beta of 0.50. 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. The stock's 50-day moving average price is GBX 112.03 and its 200-day moving average price is GBX 101.46.

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.