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

Helios Towers (LON:HTWS) had its price objective hoisted by Berenberg Bank from GBX 175 to GBX 215 in a research note published on Thursday, MarketBeat reports. The firm currently has a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Helios Towers from GBX 255 to GBX 245 and set a “buy” rating on the stock in a research report on Thursday, September 18th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 230.

Helios Towers Stock Performance

HTWS remained flat at GBX 156.80 during midday trading on Thursday. The company’s stock had a trading volume of 123,117,914 shares, compared to its average volume of 3,537,814. The firm has a market cap of £1.69 billion, a PE ratio of 20.63 and a beta of 0.50. Helios Towers has a 12-month low of GBX 87.20 and a 12-month high of GBX 183.44. The company’s 50 day simple moving average is GBX 146.87 and its 200-day simple moving average is GBX 129.20. The company has a quick ratio of 1.97, a current ratio of 1.24 and a debt-to-equity ratio of -2,151.68.

Helios Towers announced that its Board of Directors has initiated a stock buyback program on Thursday, November 6th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership 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.