Helios Towers plc (LON:HTWS) Insider Purchases £76,941.80 in Stock

Helios Towers plc (LON:HTWS) insider Tom Greenwood acquired 76,180 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of GBX 101 ($1.31) per share, with a total value of £76,941.80 ($99,937.39).

Helios Towers Trading Up 3.1 %

LON:HTWS opened at GBX 105.40 ($1.37) on Tuesday. The company has a market cap of £1.40 billion, a P/E ratio of -11.49 and a beta of 0.50. Helios Towers plc has a twelve month low of GBX 79.10 ($1.03) and a twelve month high of GBX 134 ($1.74). The business has a 50 day moving average price of GBX 94.16 and a two-hundred day moving average price of GBX 106.94. 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.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 175 ($2.27) price target on shares of Helios Towers in a research note on Thursday, March 13th.

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.