Airtel Africa (OTC:AAFRF) Stock Price Down 0.5% – What’s Next?

Airtel Africa Plc (OTC:AAFRFGet Free Report) was down 0.5% during mid-day trading on Monday . The company traded as low as C$4.26 and last traded at C$4.28. Approximately 2,210 shares traded hands during trading, a decline of 83% from the average daily volume of 12,680 shares. The stock had previously closed at C$4.30.

Wall Street Analyst Weigh In

AAFRF has been the subject of several analyst reports. Barclays reaffirmed an “overweight” rating on shares of Airtel Africa in a research report on Friday, August 29th. HSBC upgraded Airtel Africa from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Get Our Latest Stock Report on Airtel Africa

Airtel Africa Stock Performance

The firm has a 50-day simple moving average of C$3.87 and a 200 day simple moving average of C$3.19.

Airtel Africa Company Profile

(Get Free Report)

Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa. It offers prepaid and postpaid wireless voice, international roaming, and fixed line telephone services; data communication services, including 2G, 3G, and 4G; and mobile money services, such as digital wallet payments systems, microloans, savings, and international money transfers.

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