Helios Towers (LON:HTWS) Shares Up 15.9% – Should You Buy?

Helios Towers plc (LON:HTWS) rose 15.9% on Thursday . The company traded as high as GBX 179.63 and last traded at GBX 179.63. Approximately 10,341,993 shares traded hands during mid-day trading, an increase of 246% from the average daily volume of 2,992,480 shares. The stock had previously closed at GBX 155.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Helios Towers from GBX 255 to GBX 245 and set a “buy” rating on the stock in a research note on Thursday, September 18th. Berenberg Bank reissued a “buy” rating and set a GBX 175 price target on shares of Helios Towers in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Helios Towers has a consensus rating of “Buy” and a consensus price target of GBX 210.

Helios Towers Stock Performance

The stock has a 50-day moving average price of GBX 144.55 and a 200 day moving average price of GBX 127.75. 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 firm has a market capitalization of £1.80 billion, a price-to-earnings ratio of 22.00 and a beta of 0.50.

Helios Towers declared that its Board of Directors has initiated a share repurchase program on Thursday, November 6th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Helios Towers Company Profile

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.