Helios Towers (LON:HTWS) Shares Up 0.8% - Should You Buy?

Helios Towers plc (LON:HTWS - Get Free Report) shares rose 0.8% during trading on Thursday . The stock traded as high as GBX 122.40 ($1.67) and last traded at GBX 121.22 ($1.65). Approximately 1,137,577 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 2,901,592 shares. The stock had previously closed at GBX 120.20 ($1.64).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 175 ($2.39) target price on shares of Helios Towers in a research report on Thursday, May 8th.

Helios Towers Stock Performance

The firm has a market cap of £1.61 billion, a price-to-earnings ratio of -13.22 and a beta of 0.50. The company has a quick ratio of 1.97, a current ratio of 1.24 and a debt-to-equity ratio of -2,151.68. The company has a 50 day moving average of GBX 116.75 and a 200 day moving average of GBX 103.71.

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.