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

Helios Towers (LON:HTWS) had its price objective raised by Berenberg Bank from GBX 295 to GBX 310 in a note issued to investors on Thursday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank‘s target price would suggest a potential upside of 40.53% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 285 price objective on shares of Helios Towers in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 285 price target on shares of Helios Towers in a research note on Thursday, October 29th. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 305.

Helios Towers Price Performance

Shares of HTWS opened at GBX 220.60 on Thursday. The company has a 50-day simple moving average of GBX 209.57 and a 200-day simple moving average of GBX 203.18. The firm has a market capitalization of £2.23 billion, a P/E ratio of 91.92 and a beta of 1.11. The company has a debt-to-equity ratio of 5,608.54, a quick ratio of 1.97 and a current ratio of 1.22. Helios Towers has a 52 week low of GBX 150 and a 52 week high of GBX 247.60.

Helios Towers declared that its Board of Directors 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 shares through open market purchases. Share buyback plans are generally a sign that the company’s board believes its shares are 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.