Helios Towers (LON:HTWS) Stock Gets Price Target Boost from Deutsche Bank Aktiengesellschaft

Helios Towers (LON:HTWS) had its price target hoisted by Deutsche Bank Aktiengesellschaft from GBX 285 to GBX 290 in a research report issued to clients and investors on Friday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft‘s target price indicates a potential upside of 34.01% from the company’s current price.

HTWS has been the subject of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 315 price target on shares of Helios Towers in a research note on Thursday. Berenberg Bank upped their target price on shares of Helios Towers from GBX 295 to GBX 310 and gave the company a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, Helios Towers presently has an average rating of “Buy” and an average target price of GBX 305.

Helios Towers Price Performance

Shares of HTWS opened at GBX 216.40 on Friday. The company has a market cap of £2.19 billion, a price-to-earnings ratio of 90.17 and a beta of 1.11. Helios Towers has a 1-year low of GBX 150 and a 1-year high of GBX 247.60. The company’s fifty day simple moving average is GBX 209.22 and its 200 day simple moving average is GBX 202.89. The company has a current ratio of 1.22, a quick ratio of 1.97 and a debt-to-equity ratio of 5,608.54.

Helios Towers declared that its board has approved a stock repurchase plan on Thursday, September 17th that permits the company to buy back £130.86 million in outstanding shares. This repurchase authorization permits the company to purchase up to 6.2% of its shares through open market purchases. Share repurchase plans are often a sign that the company’s leadership believes its shares are 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.