Helios Towers (LON:HTWS) Price Target Raised to GBX 295

Helios Towers (LON:HTWS) had its target price upped by Berenberg Bank from GBX 275 to GBX 295 in a research report released on Thursday,Digital Look reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 270 target price on shares of Helios Towers in a research note on Wednesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 285 price target on shares of Helios Towers in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 283.33.

Helios Towers Price Performance

Shares of HTWS stock opened at GBX 195.80 on Thursday. Helios Towers has a 1-year low of GBX 113.20 and a 1-year high of GBX 247.60. The company has a debt-to-equity ratio of 4,940.69, a current ratio of 1.26 and a quick ratio of 1.97. The firm has a fifty day moving average of GBX 211.76 and a two-hundred day moving average of GBX 199.49. The firm has a market cap of £2.00 billion, a P/E ratio of 59.33 and a beta of 1.12.

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.