Airtel Africa (LON:AAF) Trading 0.5% Higher – Here’s What Happened

Airtel Africa Plc (LON:AAF) was up 0.5% during mid-day trading on Monday . The stock traded as high as GBX 340.40 and last traded at GBX 326.93. 1,864,794 shares traded hands during trading, a decline of 96% from the average session volume of 46,694,398 shares. The stock had previously closed at GBX 325.40.

Wall Street Analyst Weigh In

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

Airtel Africa Stock Performance

The company 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. The business has a 50-day moving average of GBX 345.66 and a 200-day moving average of GBX 350.15. The company has a debt-to-equity ratio of 203.70, a current ratio of 0.58 and a quick ratio of 0.26.

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.