Airtel Africa (LON:AAF) Trading 2.5% Higher – Still a Buy?

Airtel Africa Plc (LON:AAF)’s share price traded up 2.5% on Thursday . The stock traded as high as GBX 356.60 and last traded at GBX 350.21. Approximately 1,996,853 shares were traded during mid-day trading, a decline of 95% from the average session volume of 39,782,160 shares. The stock had previously closed at GBX 341.60.

Wall Street Analysts Forecast Growth

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

Airtel Africa Trading Up 2.5%

The firm has a market capitalization of £12.73 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 0.58 and a beta of 0.47. The company has a quick ratio of 0.26, a current ratio of 0.57 and a debt-to-equity ratio of 203.38. The firm’s 50 day moving average is GBX 333.54 and its 200 day moving average is GBX 346.55.

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.