Helios Towers plc (LON:HTWS - Get Free Report) traded up 0.4% during trading on Tuesday . The stock traded as high as GBX 108.40 ($1.44) and last traded at GBX 107.40 ($1.43). 1,683,136 shares were traded during trading, a decline of 50% from the average session volume of 3,349,643 shares. The stock had previously closed at GBX 107 ($1.42).
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "buy" rating and set a GBX 175 ($2.32) price target on shares of Helios Towers in a report on Thursday, March 13th.
Check Out Our Latest Stock Analysis on Helios Towers
Helios Towers Price Performance
The business has a 50 day simple moving average of GBX 102.66 and a 200-day simple moving average of GBX 105.23. The firm has a market cap of £1.48 billion, a price-to-earnings ratio of -12.19 and a beta of 0.50. The company has a debt-to-equity ratio of -2,151.68, a quick ratio of 1.97 and a current ratio of 1.24.
Insider Activity at Helios Towers
In other Helios Towers news, insider Tom Greenwood acquired 76,180 shares of Helios Towers stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of GBX 101 ($1.34) per share, for a total transaction of £76,941.80 ($102,098.99). 1.39% of the stock is owned by insiders.
Helios Towers Company Profile
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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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