Helios Towers (LON:HTWS) Shares Up 6.8% - Time to 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 rose 6.8% on Monday . The company traded as high as GBX 136.20 ($1.84) and last traded at GBX 135.80 ($1.83). Approximately 6,055,479 shares changed hands during mid-day trading, an increase of 121% from the average daily volume of 2,735,957 shares. The stock had previously closed at GBX 127.20 ($1.72).

Analyst Upgrades and Downgrades

HTWS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 255 price objective on shares of Helios Towers in a research report on Monday, August 4th. Berenberg Bank reissued a "buy" rating and issued a GBX 175 target price 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, the stock presently has an average rating of "Buy" and a consensus target price of GBX 215.

Helios Towers Stock Up 0.2%

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 has a market cap of £1.41 billion, a price-to-earnings ratio of 1,726.32 and a beta of 0.50. The firm's 50 day moving average is GBX 121.86 and its two-hundred day moving average is GBX 112.33.

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.