Helios Towers (LON:HTWS – Get Free Report)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a report issued on Thursday, MarketBeat.com reports. They currently have a GBX 315 price objective on the stock. Jefferies Financial Group‘s price objective would suggest a potential upside of 42.79% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on HTWS. Berenberg Bank lifted their price target on shares of Helios Towers from GBX 295 to GBX 310 and gave the company a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 285 price objective on shares of Helios Towers in a report on Thursday, October 29th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 305.
Get Our Latest Stock Report on Helios Towers
Helios Towers Stock Performance
LON HTWS opened at GBX 220.60 on Thursday. Helios Towers has a 52-week low of GBX 150 and a 52-week high of GBX 247.60. The stock has a market cap of £2.23 billion, a PE ratio of 91.92 and a beta of 1.11. The firm has a 50-day moving average of GBX 209.57 and a 200-day moving average of GBX 203.18. The company has a debt-to-equity ratio of 5,608.54, a quick ratio of 1.97 and a current ratio of 1.22.
Helios Towers announced that its Board of Directors has approved a share buyback plan on Thursday, September 17th that permits the company to repurchase £130.86 million in outstanding shares. This repurchase authorization permits the company to purchase up to 6.2% of its shares through open market purchases. Share repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
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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