Helios Towers plc (LON:HTWS - Get Free Report) shares were up 0.4% on Tuesday . The stock traded as high as GBX 108.40 ($1.44) and last traded at GBX 107.40 ($1.43). Approximately 1,683,136 shares changed hands during trading, a decline of 50% from the average daily volume of 3,349,643 shares. The stock had previously closed at GBX 107 ($1.42).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 175 ($2.32) price target on shares of Helios Towers in a research note on Thursday, March 13th.
Get Our Latest Stock Report on Helios Towers
Helios Towers Stock Up 1.6 %
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 stock has a 50-day simple moving average of GBX 102.66 and a two-hundred day simple moving average of GBX 105.27. The firm has a market cap of £1.48 billion, a PE ratio of -12.19 and a beta of 0.50.
Insider Activity at Helios Towers
In related news, insider Tom Greenwood acquired 76,180 shares of Helios Towers stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of GBX 101 ($1.34) per share, with a total value of £76,941.80 ($102,126.10). 1.39% of the stock is currently 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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