Helios Towers (LON:HTWS) Stock Price Up 1.7% - Here's What Happened

Helios Towers plc (LON:HTWS - Get Free Report)'s stock price rose 1.7% during mid-day trading on Tuesday . The stock traded as high as GBX 95 ($1.18) and last traded at GBX 93.28 ($1.16). Approximately 942,073 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 1,252,872 shares. The stock had previously closed at GBX 91.70 ($1.14).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and set a GBX 195 ($2.43) price objective on shares of Helios Towers in a research report on Thursday, November 7th.

Helios Towers Trading Down 1.3 %

The firm has a market cap of £966 million, a price-to-earnings ratio of -1,533.33 and a beta of 0.50. The company has a debt-to-equity ratio of 17,889.32, a current ratio of 1.24 and a quick ratio of 1.97. The firm's fifty day moving average is GBX 110.48 and its 200-day moving average is GBX 113.52.

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.