Helios Towers (LON:HTWS) Sets New 1-Year High – Here’s Why

Helios Towers plc (LON:HTWS) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 959.59 ($12.03) and last traded at GBX 959.59 ($12.03), with a volume of 1648439 shares trading hands. The stock had previously closed at GBX 95 ($1.19).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 195 ($2.44) target price on shares of Helios Towers in a research note on Thursday, November 7th.

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 17,889.32. The company has a market cap of £1.01 billion, a P/E ratio of -1,605.00 and a beta of 0.50. The business’s 50 day simple moving average is GBX 126.46 and its 200 day simple moving average is GBX 122.60.

About Helios Towers

Helios Towers plc, an independent tower company, acquires, builds, and operates telecommunications towers and passive infrastructure. It provides colocation lease-up, build-to-suit, sale and leaseback, in-building, small cells/outdoor distributed antenna system, and other managed services. The company also offers passive infrastructure solutions, including site selection, site preparation, maintenance, security, and power management, as well as engages in hosting of active equipment, such as antennae.