Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Helios Towers (LON:HTWS) Stock Price

Helios Towers (LON:HTWS) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from GBX 285 to GBX 290 in a report issued on Friday morning,Digital Look reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on HTWS. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 315 price target on shares of Helios Towers in a research note on Thursday. Berenberg Bank boosted their price target on Helios Towers from GBX 295 to GBX 310 and gave the stock a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 305.

Helios Towers Stock Performance

Shares of HTWS remained flat at GBX 220.60 during midday trading on Friday. The stock had a trading volume of 2,849,982 shares, compared to its average volume of 16,986,322. Helios Towers has a 12-month low of GBX 150 and a 12-month high of GBX 247.60. The company’s 50-day moving average is GBX 209.57 and its two-hundred day moving average is GBX 203.18. The company has a quick ratio of 1.97, a current ratio of 1.22 and a debt-to-equity ratio of 5,608.54. The firm has a market cap of £2.23 billion, a PE ratio of 91.92 and a beta of 1.11.

Helios Towers declared that its Board of Directors has initiated a stock repurchase program on Thursday, September 17th that permits the company to repurchase £130.86 million in shares. This repurchase authorization permits the company to reacquire up to 6.2% of its shares through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.