Helios Towers' (HTWS) "Buy" Rating Reaffirmed at Berenberg Bank

Key Points

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Berenberg Bank reissued their buy rating on shares of Helios Towers (LON:HTWS - Free Report) in a report published on Thursday, Marketbeat reports. The firm currently has a GBX 175 ($2.32) price target on the stock.

Helios Towers Stock Performance

LON:HTWS traded down GBX 3 ($0.04) on Thursday, reaching GBX 116 ($1.54). 1,702,014 shares of the company's stock were exchanged, compared to its average volume of 2,770,851. The company has a debt-to-equity ratio of -2,151.68, a current ratio of 1.24 and a quick ratio of 1.97. The firm has a market cap of £1.54 billion, a price-to-earnings ratio of -12.65 and a beta of 0.50. Helios Towers has a 52 week low of GBX 87.20 ($1.16) and a 52 week high of GBX 128.60 ($1.71). The stock has a fifty day simple moving average of GBX 119.99 and a 200-day simple moving average of GBX 107.75.

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.