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

Berenberg Bank reaffirmed their buy rating on shares of Helios Towers (LON:HTWS) in a research report released on Thursday,Digital Look reports. The firm currently has a GBX 175 ($2.26) price objective on the stock.

Helios Towers Price Performance

Shares of HTWS stock opened at GBX 102.20 ($1.32) on Thursday. 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. The company has a market cap of £1.36 billion, a P/E ratio of -11.14 and a beta of 0.50. Helios Towers has a twelve month low of GBX 79.10 ($1.02) and a twelve month high of GBX 134 ($1.73). The business has a fifty day simple moving average of GBX 93.94 and a 200 day simple moving average of GBX 107.08.

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.