Helios Towers (LON:HTWS - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They currently have a GBX 175 ($2.27) price target on the stock. Berenberg Bank's price objective would suggest a potential upside of 66.03% from the stock's previous close.
Helios Towers Price Performance
LON:HTWS traded up GBX 3.20 ($0.04) during trading hours on Thursday, hitting GBX 105.40 ($1.37). 1,411,061 shares of the stock were exchanged, compared to its average volume of 3,892,263. The company has a market cap of £1.40 billion, a P/E ratio of -11.49 and a beta of 0.50. The firm's fifty day moving average price is GBX 94.16 and its 200 day moving average price is GBX 106.94. Helios Towers has a 52-week low of GBX 79.10 ($1.03) and a 52-week high of GBX 134 ($1.74). 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.
Insider Activity at Helios Towers
In other Helios Towers news, insider Tom Greenwood purchased 76,180 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of GBX 101 ($1.31) per share, for a total transaction of £76,941.80 ($99,937.39). 1.39% of the stock is owned by corporate insiders.
About Helios Towers
(
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.
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