Helios Towers (LON:HTWS) Given New GBX 295 Price Target at Berenberg Bank

Helios Towers (LON:HTWS) had its target price lifted by investment analysts at Berenberg Bank from GBX 275 to GBX 295 in a research note issued to investors on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 40.88% from the stock’s previous close.

A number of other equities research analysts also recently commented on HTWS. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 270 target price on shares of Helios Towers in a report 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 report on Wednesday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 283.33.

Helios Towers Stock Up 3.6%

Helios Towers stock opened at GBX 209.40 on Thursday. The business’s 50-day simple moving average is GBX 213.49 and its two-hundred day simple moving average is GBX 199.24. The company has a debt-to-equity ratio of 4,940.69, a quick ratio of 1.97 and a current ratio of 1.26. The company has a market cap of £2.14 billion, a PE ratio of 63.45 and a beta of 1.12. Helios Towers has a fifty-two week low of GBX 113.20 and a fifty-two week high of GBX 247.60.

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.