On 21.12.2009 analysts of DM AmerBrokers S.A. (Brokerage House) changed their previous recommendation from "Buy" to "Hold".

As explained in the report - The direct cause of change of investment recommendation was achieving the target price, which had been fixed at PLN 10.34 in a report dated on 16.07.2009. Since the date of recommendation of the price of PLN 7.20 rate has risen by 44%. Moreover positive recommendation for the HELIO shares is maintained  because of its technical situation.

Recommendation "Hold" means that according to analyst, the company's shares are undervalued, but much less than  for the recommendation of "Buy". However it is not worth to sell them, because they should still gain in value, especially when there are favorable market conditions.

The details of recommendation are available at DM AmerBrokers.