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

Helios Towers (LON:HTWS)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a report released on Wednesday,Digital Look reports. They currently have a GBX 285 price objective on the stock. Jefferies Financial Group’s target price suggests a potential upside of 39.82% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 270 target price on shares of Helios Towers in a research note on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 261.67.

Helios Towers Stock Down 1.5%

Shares of LON:HTWS opened at GBX 203.83 on Wednesday. Helios Towers has a 12 month low of GBX 113.20 and a 12 month high of GBX 247.60. The company’s 50-day moving average price is GBX 214.22 and its two-hundred day moving average price is GBX 199. The company has a quick ratio of 1.97, a current ratio of 1.26 and a debt-to-equity ratio of 4,940.69. The firm has a market cap of £2.08 billion, a P/E ratio of 61.77 and a beta of 1.12.

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.