Helios Towers (LON:HTWS) Earns “Buy” Rating from Berenberg Bank

Helios Towers (LON:HTWS)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 175 ($2.26) target price on the stock. Berenberg Bank’s price target indicates a potential upside of 71.23% from the stock’s current price.

Helios Towers Stock Up 0.8 %

LON:HTWS opened at GBX 102.20 ($1.32) on Thursday. The company has a debt-to-equity ratio of -2,151.68, a quick ratio of 1.97 and a current ratio of 1.24. The company has a market cap of £1.36 billion, a PE ratio of -11.14 and a beta of 0.50. Helios Towers has a 52-week low of GBX 79.10 ($1.02) and a 52-week high of GBX 134 ($1.73). The stock has a 50-day simple moving average of GBX 93.94 and a 200 day simple moving average of GBX 107.19.

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.