Helios Towers (LON:HTWS) Earns "Buy" Rating from Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reiterated a "Buy" rating on Helios Towers with a GBX 270 price target (implying ~36.16% upside); Berenberg also raised its target to GBX 230 and the consensus target is GBX 250, with an average rating of Buy.
• Shares fell 1.3% to GBX 198.30, valuing the company at £2.03bn; the stock is near its 12‑month high (GBX 204) with a P/E of 60.09 and a very high reported debt‑to‑equity ratio of 4,940.69.
• Insider Tom Greenwood bought 87,085 shares at GBX 173 on March 13, leaving insiders with about 1.45% ownership; Helios Towers operates telecom tower infrastructure across Africa and the Middle East.

Helios Towers (LON:HTWS - Get Free Report)'s stock had its "buy" rating restated by Deutsche Bank Aktiengesellschaft in a report released on Wednesday,London Stock Exchange reports. They presently have a GBX 270 price objective on the stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 36.16% from the company's previous close.

Separately, Berenberg Bank lifted their target price on shares of Helios Towers from GBX 215 to GBX 230 and gave the company a "buy" rating in a report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Helios Towers has an average rating of "Buy" and a consensus price target of GBX 250.

Helios Towers Stock Down 1.3%

Shares of HTWS stock traded down GBX 2.70 during trading hours on Wednesday, hitting GBX 198.30. 1,054,415 shares of the company's stock traded hands, compared to its average volume of 20,049,100. The stock's fifty day simple moving average is GBX 190.47 and its two-hundred day simple moving average is GBX 170.64. Helios Towers has a 12-month low of GBX 106.20 and a 12-month high of GBX 204. The stock has a market cap of £2.03 billion, a price-to-earnings ratio of 60.09 and a beta of 1.06. The company has a quick ratio of 1.97, a current ratio of 1.26 and a debt-to-equity ratio of 4,940.69.

Insiders Place Their Bets

In other news, insider Tom Greenwood acquired 87,085 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of GBX 173 per share, for a total transaction of £150,657.05. 1.45% of the stock is currently owned by insiders.

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.

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