Airtel Africa (LON:AAF) Receives Buy Rating from Deutsche Bank Aktiengesellschaft

Airtel Africa (LON:AAF)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Monday,Digital Look reports. They presently have a GBX 450 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 28.72% from the company’s previous close.

Airtel Africa Stock Performance

Shares of AAF stock opened at GBX 349.60 on Monday. The company has a debt-to-equity ratio of 203.70, a current ratio of 0.58 and a quick ratio of 0.26. The company’s fifty day moving average price is GBX 354.97 and its two-hundred day moving average price is GBX 348.43. The firm has a market capitalization of £12.75 billion, a P/E ratio of 18.80, a P/E/G ratio of 0.58 and a beta of 0.47. Airtel Africa has a 12 month low of GBX 168 and a 12 month high of GBX 436.20.

About Airtel Africa

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.