Helios Towers (LON:HTWS) Shares Up 6.8% - Should You Buy?

Key Points

• Helios Towers' shares surged 6.8% to GBX 135.80 ($1.83) on Monday, with a trading volume significantly increased to over 6 million shares.
• Analysts have a consensus "Buy" rating for the stock, with price targets set at GBX 175 and GBX 255, indicating potential for further growth.
• The company operates a substantial telecommunications infrastructure across Africa and the Middle East, serving multiple mobile network operators with its extensive tower portfolio.

Helios Towers plc (LON:HTWS - Get Free Report)'s stock price shot up 6.8% on Monday . The company traded as high as GBX 136.20 ($1.83) and last traded at GBX 135.80 ($1.83). 6,055,479 shares were traded during trading, an increase of 121% from the average session volume of 2,735,957 shares. The stock had previously closed at GBX 127.20 ($1.71).

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HTWS. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 255 price target on shares of Helios Towers in a research note on Monday, August 4th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 175 price target on shares of Helios Towers in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 215.

Helios Towers Stock Performance

The stock has a market capitalization of £1.80 billion, a price-to-earnings ratio of -14.81 and a beta of 0.50. The stock's 50 day moving average is GBX 120.77 and its 200 day moving average is GBX 111.43. 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

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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