Jefferies Financial Group Reaffirms “Buy” Rating for Helios Towers (LON:HTWS)

Helios Towers (LON:HTWS)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, London Stock Exchange reports. They currently have a GBX 315 target price on the stock. Jefferies Financial Group‘s price objective points to a potential upside of 41.76% from the stock’s previous close.

A number of other brokerages have also recently issued reports on HTWS. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 285 target price on shares of Helios Towers in a research report on Thursday, October 29th. Berenberg Bank lifted their price objective on Helios Towers from GBX 295 to GBX 310 and gave the stock a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 303.33.

Helios Towers Price Performance

Helios Towers stock opened at GBX 222.20 on Thursday. Helios Towers has a 52 week low of GBX 150 and a 52 week high of GBX 247.60. The company has a quick ratio of 1.97, a current ratio of 1.22 and a debt-to-equity ratio of 5,608.54. The firm’s 50-day simple moving average is GBX 208.89 and its 200 day simple moving average is GBX 202.61. The firm has a market capitalization of £2.25 billion, a PE ratio of 92.58 and a beta of 1.11.

Helios Towers announced that its board has approved a share repurchase plan on Thursday, September 17th that authorizes the company to buy back £130.86 million in outstanding shares. This buyback authorization authorizes the company to buy up to 6.2% of its shares through open market purchases. Share buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.