Helios Towers plc (LON:HTWS - Get Free Report)'s share price shot up 1.5% during mid-day trading on Monday . The company traded as high as GBX 95.30 ($1.19) and last traded at GBX 94.44 ($1.18). 1,433,747 shares were traded during trading, an increase of 6% from the average session volume of 1,357,471 shares. The stock had previously closed at GBX 93 ($1.16).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 195 ($2.43) price target on shares of Helios Towers in a research note on Thursday, November 7th.
View Our Latest Research Report on HTWS
Helios Towers Stock Performance
The firm's 50 day moving average price is GBX 115.99 and its 200-day moving average price is GBX 116.95. The firm has a market cap of £961.80 million, a price-to-earnings ratio of -1,526.67 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.
About Helios Towers
(
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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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