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

Key Points

• Helios Towers has received a "buy" rating from Deutsche Bank with a price target of GBX 255, suggesting a potential upside of 119.83% from its current stock price.
• Additionally, Berenberg Bank has also reaffirmed a "buy" rating for the company, setting a lower price target of GBX 175.
• Currently, Helios Towers trades at GBX 116, with significant market metrics indicating a strong position within the telecommunications infrastructure sector across Africa and the Middle East.

Helios Towers (LON:HTWS - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Monday,London Stock Exchange reports. They currently have a GBX 255 ($3.39) price objective on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 119.83% from the stock's previous close.

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 175 ($2.32) price target on shares of Helios Towers in a report on Thursday.

Helios Towers Stock Performance

HTWS opened at GBX 116 ($1.54) on Monday. The company has a quick ratio of 1.97, a current ratio of 1.24 and a debt-to-equity ratio of -2,151.68. Helios Towers has a 12-month low of GBX 87.20 ($1.16) and a 12-month high of GBX 128.60 ($1.71). The business has a 50 day moving average of GBX 119.99 and a 200-day moving average of GBX 107.98. The stock has a market cap of £1.54 billion, a price-to-earnings ratio of -12.65 and a beta of 0.50.

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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