Helios Towers (LON:HTWS) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Helios Towers (LON:HTWS) in a report issued on Wednesday morning, MarketBeat reports. The firm currently has a GBX 270 price objective on the stock.

Separately, Berenberg Bank increased their target price on shares of Helios Towers from GBX 215 to GBX 230 and gave the stock a “buy” rating in a report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 250.

Helios Towers Stock Up 0.6%

LON HTWS opened at GBX 199.30 on Wednesday. Helios Towers has a 52 week low of GBX 106.20 and a 52 week high of GBX 204. 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 company has a market capitalization of £2.04 billion, a P/E ratio of 60.39 and a beta of 1.06. The stock’s 50-day moving average price is GBX 190.73 and its 200-day moving average price is GBX 170.84.

Insider Activity at Helios Towers

In other Helios Towers news, insider Tom Greenwood acquired 87,085 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of GBX 173 per share, for a total transaction of £150,657.05. 1.45% of the stock is owned by insiders.

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.