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

Helios Towers (LON:HTWS) had its price objective hoisted by equities research analysts at Berenberg Bank from GBX 295 to GBX 310 in a research note issued to investors on Thursday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank‘s price objective indicates a potential upside of 38.89% from the stock’s previous close.

A number of other brokerages have also issued reports on HTWS. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 285 target price on shares of Helios Towers in a research report on Thursday, October 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 285 target price on shares of Helios Towers in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Helios Towers presently has a consensus rating of “Buy” and an average target price of GBX 293.33.

Helios Towers Trading Up 4.5%

Shares of HTWS opened at GBX 223.20 on Thursday. The stock has a market cap of £2.26 billion, a PE ratio of 93.00 and a beta of 1.11. Helios Towers has a 12 month low of GBX 150 and a 12 month high of GBX 247.60. The stock’s 50-day moving average is GBX 208.89 and its two-hundred day moving average is GBX 202.61. The company has a debt-to-equity ratio of 5,608.54, a current ratio of 1.22 and a quick ratio of 1.97.

Helios Towers declared that its Board of Directors has initiated a stock buyback program on Thursday, September 17th that allows the company to buy back £130.86 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.2% of its stock through open market purchases. Share repurchase programs are usually an indication that the company’s board believes its stock is 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.