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

Helios Towers (LON:HTWS) had its target price upped by equities research analysts at Berenberg Bank from GBX 215 to GBX 230 in a report issued on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 34.98% from the company’s previous close.

Helios Towers Stock Down 8.1%

Shares of LON:HTWS opened at GBX 170.40 on Thursday. The firm has a market capitalization of £1.77 billion, a PE ratio of 22.42 and a beta of 1.07. The company has a debt-to-equity ratio of 2,536.49, a quick ratio of 1.97 and a current ratio of 1.53. Helios Towers has a 52-week low of GBX 92.50 and a 52-week high of GBX 204. The firm has a fifty day moving average of GBX 180.19 and a 200 day moving average of GBX 160.63.

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.