Airtel Africa (LON:AAF) Upgraded by JPMorgan Chase & Co. to Overweight
Airtel Africa (LON:AAF) was upgraded by JPMorgan Chase & Co. to an “overweight” rating in a research report issued to clients and investors on Thursday, Digital Look reports. The brokerage presently has a GBX 100 ($1.31) price objective on the stock, up from their previous price objective of GBX 72 ($0.94). JPMorgan Chase & Co.‘s price target indicates a potential upside of 18.06% from the stock’s previous close.
Shares of AAF traded up GBX 1.80 ($0.02) during mid-day trading on Thursday, hitting GBX 84.70 ($1.11). 3,954,925 shares of the company traded hands, compared to its average volume of 1,531,547. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 142.79. The business has a 50-day moving average of GBX 80.06 and a 200 day moving average of GBX 75.48. Airtel Africa has a one year low of GBX 33.50 ($0.44) and a one year high of GBX 96.30 ($1.26). The stock has a market capitalization of £3.18 billion and a price-to-earnings ratio of 11.76.
About Airtel Africa
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