Helios Towers' (HTWS) Buy Rating Reiterated at Berenberg Bank

Key Points

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Berenberg Bank reiterated their buy rating on shares of Helios Towers (LON:HTWS - Free Report) in a research report sent to investors on Thursday morning, Marketbeat reports. Berenberg Bank currently has a GBX 175 ($2.33) target price on the stock.

Helios Towers Price Performance

HTWS stock traded up GBX 1.20 ($0.02) during midday trading on Thursday, reaching GBX 117.20 ($1.56). The stock had a trading volume of 560,200 shares, compared to its average volume of 2,756,014. The company's fifty day simple moving average is GBX 119.99 and its 200 day simple moving average is GBX 107.98. The company has a current ratio of 1.24, a quick ratio of 1.97 and a debt-to-equity ratio of -2,151.68. The company has a market cap of £1.55 billion, a price-to-earnings ratio of -12.78 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).

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.