Helios Towers (LON:HTWS) Given Buy Rating at Jefferies Financial Group

Helios Towers (LON:HTWS)‘s stock had its “buy” rating restated by Jefferies Financial Group in a research note issued on Thursday,Digital Look reports. They presently have a GBX 285 price target on the stock. Jefferies Financial Group’s target price suggests a potential upside of 20.15% from the stock’s previous close.

A number of other equities research analysts have also issued reports on HTWS. Berenberg Bank upped their price target on Helios Towers from GBX 215 to GBX 230 and gave the company a “buy” rating in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 270 price target on shares of Helios Towers in a research report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Helios Towers currently has a consensus rating of “Buy” and a consensus target price of GBX 261.67.

Helios Towers Price Performance

Helios Towers stock opened at GBX 237.20 on Thursday. Helios Towers has a 52-week low of GBX 107 and a 52-week high of GBX 240. The firm has a market capitalization of £2.43 billion, a price-to-earnings ratio of 71.88 and a beta of 1.06. The company has a fifty day simple moving average of GBX 190.86 and a 200-day simple moving average of GBX 173.94. 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.

Insider Buying and Selling at Helios Towers

In related news, insider Tom Greenwood bought 87,085 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of GBX 173 per share, for a total transaction of £150,657.05. Insiders own 1.45% of the company’s stock.

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.