Helios Towers (LON:HTWS) Price Target Raised to GBX 230 at Berenberg Bank

Helios Towers (LON:HTWS) had its target price increased by Berenberg Bank from GBX 215 to GBX 230 in a research report released on Thursday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Helios Towers Stock Performance

Helios Towers stock opened at GBX 178.80 on Thursday. The firm has a market cap of £1.86 billion, a P/E ratio of 23.53 and a beta of 1.07. Helios Towers has a 1-year low of GBX 92.50 and a 1-year high of GBX 204. The company has a current ratio of 1.53, a quick ratio of 1.97 and a debt-to-equity ratio of 2,536.49. The firm has a 50-day moving average of GBX 180.47 and a 200-day moving average of GBX 160.75.

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.