Helios Towers (LON:HTWS) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Helios Towers (LON:HTWS) had its target price boosted by equities research analysts at Berenberg Bank from GBX 275 to GBX 295 in a research note issued to investors on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 40.88% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 270 target price on shares of Helios Towers in a research report on Wednesday, April 22nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 285 price objective on shares of Helios Towers in a research report on Wednesday. Three 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 target price of GBX 283.33.

Helios Towers Stock Performance

HTWS stock opened at GBX 209.40 on Thursday. Helios Towers has a one year low of GBX 113.20 and a one year high of GBX 247.60. The firm has a market cap of £2.14 billion, a price-to-earnings ratio of 63.45 and a beta of 1.12. 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 firm has a 50-day simple moving average of GBX 213.49 and a two-hundred day simple moving average of GBX 199.24.

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.