Jefferies Financial Group Reaffirms “Buy” Rating for Helios Towers (LON:HTWS)

Helios Towers (LON:HTWS)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, London Stock Exchange reports. They presently have a GBX 315 price objective on the stock. Jefferies Financial Group‘s price objective indicates a potential upside of 41.76% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Berenberg Bank increased their price objective on Helios Towers from GBX 295 to GBX 310 and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 285 price target on shares of Helios Towers in a research note on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 303.33.

Helios Towers Stock Performance

Shares of HTWS stock opened at GBX 222.20 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.97 and a debt-to-equity ratio of 5,608.54. The stock has a 50 day simple moving average of GBX 208.89 and a 200-day simple moving average of GBX 202.61. The company has a market cap of £2.25 billion, a price-to-earnings ratio of 92.58 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.

Helios Towers announced that its board has initiated a share buyback plan on Thursday, September 17th that authorizes the company to repurchase £130.86 million in shares. This buyback authorization authorizes the company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its stock is undervalued.

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.