Helios Towers (LON:HTWS) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Helios Towers (LON:HTWS)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank Aktiengesellschaft in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 285 price objective on the stock. Deutsche Bank Aktiengesellschaft‘s target price indicates a potential upside of 38.48% from the company’s current price.

HTWS has been the subject of a number of other research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 285 target price on shares of Helios Towers in a report on Wednesday, July 29th. Berenberg Bank lifted their target price on shares of Helios Towers from GBX 275 to GBX 295 and gave the company a “buy” rating in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 288.33.

Helios Towers Price Performance

Shares of Helios Towers stock traded up GBX 0.60 during trading on Thursday, hitting GBX 205.80. 1,035,042 shares of the stock traded hands, compared to its average volume of 16,224,111. 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 stock has a market cap of £2.08 billion, a price-to-earnings ratio of 85.75 and a beta of 1.11. The firm’s fifty day moving average is GBX 208.66 and its 200-day moving average is GBX 201.59. Helios Towers has a 52 week low of GBX 146.80 and a 52 week high of GBX 247.60.

Helios Towers declared that its Board of Directors has initiated a share repurchase plan on Thursday, September 17th that allows the company to buy back £130.86 million in shares. This buyback authorization allows the company to reacquire up to 6.2% of its shares through open market purchases. Share buyback plans are usually 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.