Helios Towers (LON:HTWS) Shares Up 3.7% - What's Next?

Helios Towers plc (LON:HTWS - Get Free Report) traded up 3.7% during mid-day trading on Thursday . The stock traded as high as GBX 102 ($1.32) and last traded at GBX 101.20 ($1.31). 6,185,042 shares changed hands during trading, an increase of 57% from the average session volume of 3,940,788 shares. The stock had previously closed at GBX 97.60 ($1.27).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 175 ($2.27) price target on shares of Helios Towers in a research report on Thursday.

Helios Towers Stock Performance

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 stock has a market cap of £1.40 billion, a PE ratio of -11.49 and a beta of 0.50. The business's 50-day moving average price is GBX 94.16 and its 200-day moving average price is GBX 106.94.

Insider Transactions at Helios Towers

In related news, insider Tom Greenwood acquired 76,180 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of GBX 101 ($1.31) per share, for a total transaction of £76,941.80 ($99,937.39). Insiders own 1.39% of the company's stock.

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.