Helios Towers (LON:HTWS) Stock Keeps Buy Rating at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its “buy” rating on Helios Towers and maintained a GBX 285 price target, implying 38.48% upside from the prior close.
• Analyst sentiment remains positive, with all three covering analysts rating the stock “Buy” and an average price target of GBX 288.33.
• Helios Towers authorized a £130.86 million share buyback, allowing repurchases of up to 6.2% of outstanding shares; the stock recently traded at GBX 205.80.

Helios Towers (LON:HTWS - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 285 price target on the stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 38.48% from the stock's previous close.

Several other analysts also recently commented on HTWS. Jefferies Financial Group restated a "buy" rating and issued a GBX 285 target price on shares of Helios Towers in a research note on Wednesday, July 29th. Berenberg Bank upped their price target on Helios Towers from GBX 275 to GBX 295 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Helios Towers currently has an average rating of "Buy" and an average price target of GBX 288.33.

Helios Towers Trading Up 0.3%

HTWS traded up GBX 0.60 during trading on Thursday, reaching GBX 205.80. 1,035,042 shares of the stock traded hands, compared to its average volume of 16,224,111. 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 stock has a market capitalization of £2.08 billion, a PE ratio of 85.75 and a beta of 1.11. The stock's 50-day moving average is GBX 208.66 and its 200 day moving average is GBX 201.59. Helios Towers has a 12 month low of GBX 146.80 and a 12 month high of GBX 247.60.

Helios Towers declared that its board has authorized a share buyback plan on Thursday, September 17th that authorizes the company to repurchase £130.86 million in shares. This buyback authorization authorizes the company to purchase up to 6.2% of its stock through open market purchases. Share buyback plans are typically a sign that the company's management believes its stock is undervalued.

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.

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