Airtel Africa (LON:AAF) Trading Up 0.2% – Here’s What Happened

Airtel Africa Plc (LON:AAF)’s stock price was up 0.2% on Thursday . The company traded as high as GBX 328.20 and last traded at GBX 325.07. 7,628,169 shares traded hands during trading, a decline of 81% from the average session volume of 41,157,848 shares. The stock had previously closed at GBX 324.40.

Analyst Upgrades and Downgrades

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

Airtel Africa Trading Up 0.2%

The stock has a market cap of £11.81 billion, a PE ratio of 17.48, a P/E/G ratio of 0.58 and a beta of 0.47. The firm has a 50-day simple moving average of GBX 339.33 and a 200-day simple moving average of GBX 346.74. The company has a quick ratio of 0.26, a current ratio of 0.57 and a debt-to-equity ratio of 203.38.

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.