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

Helios Towers (LON:HTWS) had its target price raised by equities researchers at Berenberg Bank from GBX 215 to GBX 230 in a report released on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 34.98% from the company’s current price.

Helios Towers Stock Down 8.1%

Shares of LON:HTWS opened at GBX 170.40 on Thursday. The stock has a market capitalization of £1.77 billion, a P/E ratio of 22.42 and a beta of 1.07. The stock’s 50-day moving average price is GBX 180.19 and its 200-day moving average price is GBX 160.63. The company has a current ratio of 1.53, a quick ratio of 1.97 and a debt-to-equity ratio of 2,536.49. Helios Towers has a 12-month low of GBX 92.50 and a 12-month high of GBX 204.

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.