Shares of Helios Towers plc (LON:HTWS - Get Free Report) shot up 2% on Wednesday . The company traded as high as GBX 147.40 ($1.97) and last traded at GBX 146 ($1.95). 3,011,991 shares were traded during trading, an increase of 0% from the average session volume of 3,006,887 shares. The stock had previously closed at GBX 143.20 ($1.91).
Wall Street Analyst Weigh In
Several analysts have recently weighed in on HTWS shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Helios Towers from GBX 255 to GBX 245 and set a "buy" rating on the stock in a report on Thursday, September 18th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 175 price objective on shares of Helios Towers in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Helios Towers has a consensus rating of "Buy" and a consensus target price of GBX 210.
View Our Latest Report on HTWS
Helios Towers Trading Up 2.0%
The company has a market cap of £1.57 billion, a P/E ratio of 19.21 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 business has a 50 day moving average price of GBX 138.75 and a 200-day moving average price of GBX 123.25.
Helios Towers Company Profile
(
Get Free Report)
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.
Further Reading
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