Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Helios Towers (LON:HTWS) Stock Price

Helios Towers (LON:HTWS) had its target price boosted by analysts at Deutsche Bank Aktiengesellschaft from GBX 285 to GBX 290 in a research note issued to investors on Friday, Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft‘s price objective would suggest a potential upside of 34.01% from the company’s previous close.

A number of other analysts have also commented on the stock. Berenberg Bank boosted their price objective on shares of Helios Towers from GBX 295 to GBX 310 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 315 target price on shares of Helios Towers in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 305.

Helios Towers Trading Down 1.9%

LON:HTWS opened at GBX 216.40 on Friday. Helios Towers has a twelve month low of GBX 150 and a twelve month high of GBX 247.60. 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 business has a 50 day moving average price of GBX 209.22 and a two-hundred day moving average price of GBX 202.89. The company has a market cap of £2.19 billion, a P/E ratio of 90.17 and a beta of 1.11.

Helios Towers announced that its board has initiated a share repurchase plan on Thursday, September 17th that authorizes the company to buy back £130.86 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 6.2% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s board of directors 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.