Airtel Africa (LON:AAF) Receives “Overweight” Rating from Barclays

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Barclays reaffirmed their overweight rating on shares of Airtel Africa (LON:AAF) in a research note released on Monday morning, Stock Target Advisor reports.

Shares of LON:AAF opened at GBX 74.90 ($0.99) on Monday. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 138.41. The company has a fifty day simple moving average of GBX 74.67 and a 200 day simple moving average of GBX 67.64. The firm has a market cap of $2.82 billion and a PE ratio of 5.35. Airtel Africa has a 12-month low of GBX 47 ($0.62) and a 12-month high of GBX 82.45 ($1.08).

In related news, insider Shravin Bharti Mittal purchased 2,000,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of GBX 79 ($1.04) per share, for a total transaction of £1,580,000 ($2,078,400.42). In the last 90 days, insiders purchased 19,385,031 shares of company stock valued at $1,538,902,480.

About Airtel Africa

Airtel Africa Limited provides mobile telecommunication services to customers in Nigeria, East Africa, and rest of Africa. It offers services to approximately 99 million small, medium, and high-usage customers; mobile data services to 30 million customers; and mobile banking services. The company was incorporated in 2018 and is based in London, the United Kingdom.

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