Jefferies Financial Group Reiterates Buy Rating for Helios Towers (LON:HTWS)

Helios Towers (LON:HTWS)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a report issued on Wednesday,Digital Look reports. They presently have a GBX 285 price objective on the stock. Jefferies Financial Group’s price target points to a potential upside of 39.82% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 270 price target on shares of Helios Towers in a research report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 261.67.

Helios Towers Price Performance

LON:HTWS opened at GBX 203.83 on Wednesday. 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. The company has a 50-day moving average of GBX 214.22 and a 200-day moving average of GBX 199. Helios Towers has a 52 week low of GBX 113.20 and a 52 week high of GBX 247.60. The company has a market capitalization of £2.08 billion, a price-to-earnings ratio of 61.77 and a beta of 1.12.

About Helios Towers

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.