Berenberg Bank Reiterates Buy Rating for Helios Towers (LON:HTWS)

Helios Towers (LON:HTWS)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat reports. They currently have a GBX 175 ($2.32) price target on the stock. Berenberg Bank’s target price points to a potential upside of 50.86% from the company’s previous close.

Helios Towers Stock Down 2.5%

Shares of HTWS opened at GBX 116 ($1.54) on Thursday. The company’s 50-day moving average price is GBX 119.99 and its 200 day moving average price is GBX 107.75. Helios Towers has a 12-month low of GBX 87.20 ($1.16) and a 12-month high of GBX 128.60 ($1.71). The company has a current ratio of 1.24, a quick ratio of 1.97 and a debt-to-equity ratio of -2,151.68. The firm has a market cap of £1.54 billion, a P/E ratio of -12.65 and a beta of 0.50.

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.