Airtel Africa (LON:AAF) Trading 0.5% Higher – Time to Buy?

Airtel Africa Plc (LON:AAF)’s share price shot up 0.5% on Monday . The company traded as high as GBX 340.40 and last traded at GBX 326.93. Approximately 1,864,794 shares traded hands during trading, a decline of 96% from the average daily volume of 46,694,398 shares. The stock had previously closed at GBX 325.40.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 450 target price on shares of Airtel Africa in a report on Monday, June 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Airtel Africa presently has an average rating of “Buy” and a consensus price target of GBX 450.

Airtel Africa Stock Up 0.5%

The business has a 50-day moving average price of GBX 345.66 and a 200 day moving average price of GBX 350.15. The company has a current ratio of 0.58, a quick ratio of 0.26 and a debt-to-equity ratio of 203.70. The stock has a market capitalization of £11.90 billion, a P/E ratio of 17.58, a P/E/G ratio of 0.58 and a beta of 0.47.

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.