Helios Towers’ (HTWS) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Helios Towers (LON:HTWS) in a research report report published on Thursday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a GBX 285 target price on the stock.

HTWS has been the subject of a number of other research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 285 price objective on shares of Helios Towers in a research report on Wednesday, July 29th. Berenberg Bank boosted their target price on Helios Towers from GBX 275 to GBX 295 and gave the stock a “buy” rating in a report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 288.33.

Helios Towers Stock Performance

Shares of HTWS opened at GBX 203.80 on Thursday. The company has a quick ratio of 1.97, a current ratio of 1.22 and a debt-to-equity ratio of 5,608.54. The business’s 50 day moving average price is GBX 208.75 and its 200-day moving average price is GBX 201.98. Helios Towers has a 52 week low of GBX 147.80 and a 52 week high of GBX 247.60. The stock has a market cap of £2.06 billion, a P/E ratio of 84.92 and a beta of 1.11.

Helios Towers declared that its Board of Directors has initiated a stock repurchase program on Thursday, September 17th that permits the company to repurchase £130.86 million in shares. This repurchase authorization permits the company to repurchase up to 6.2% of its shares through open market purchases. Share repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

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.