Airtel Africa (LON:AAF) Stock Price Up 2.5% – Here’s Why

Airtel Africa Plc (LON:AAF) shares traded up 2.5% during trading on Thursday . The stock traded as high as GBX 356.60 and last traded at GBX 350.21. 1,996,853 shares were traded during mid-day trading, a decline of 95% from the average session volume of 39,782,160 shares. The stock had previously closed at GBX 341.60.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 450 price target on shares of Airtel Africa in a research report on Monday, June 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 450.

Airtel Africa Price Performance

The business’s 50-day simple moving average is GBX 333.54 and its 200 day simple moving average is GBX 346.55. The company has a market capitalization of £12.73 billion, a P/E ratio of 18.83, a P/E/G ratio of 0.58 and a beta of 0.47. The company has a current ratio of 0.57, a quick ratio of 0.26 and a debt-to-equity ratio of 203.38.

Airtel Africa Company Profile

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.