Helios Towers plc (LON:HTWS) Insider Tom Greenwood Acquires 76,180 Shares

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

Helios Towers Stock Performance

Shares of LON:HTWS opened at GBX 105.40 ($1.37) on Tuesday. The firm’s 50 day simple moving average is GBX 94.16 and its 200 day simple moving average is GBX 106.94. Helios Towers plc has a fifty-two week low of GBX 79.10 ($1.03) and a fifty-two week high of GBX 134 ($1.74). The company has a market capitalization of £1.40 billion, a price-to-earnings ratio of -11.49 and a beta of 0.50. The company has a debt-to-equity ratio of -2,151.68, a current ratio of 1.24 and a quick ratio of 1.97.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 175 ($2.27) price objective 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.