Helios Towers (LON:HTWS) Stock Price Down 0.9% – Here’s Why

Helios Towers plc (LON:HTWSGet Free Report)’s share price traded down 0.9% on Tuesday . The stock traded as low as GBX 220.20 and last traded at GBX 221. Approximately 127,092,336 shares changed hands during trading, an increase of 470% from the average daily volume of 22,283,275 shares. The stock had previously closed at GBX 223.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HTWS. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 270 price target on shares of Helios Towers in a report on Wednesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 285 price objective on shares of Helios Towers in a research report on Thursday, May 7th. Finally, Berenberg Bank boosted their target price on shares of Helios Towers from GBX 215 to GBX 230 and gave the company a “buy” rating in a research note on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Helios Towers presently has a consensus rating of “Buy” and a consensus target price of GBX 261.67.

Get Our Latest Stock Report on Helios Towers

Helios Towers Price Performance

The company has a market capitalization of £2.22 billion, a price-to-earnings ratio of 65.70 and a beta of 1.11. The company has a fifty day simple moving average of GBX 218.98 and a two-hundred day simple moving average of GBX 190.67. The company has a debt-to-equity ratio of 4,940.69, a quick ratio of 1.97 and a current ratio of 1.26.

Helios Towers Company Profile

(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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