Airtel Africa (LON:AAF) Stock Price Down 9.6% – What’s Next?

Airtel Africa Plc (LON:AAF)’s share price was down 9.6% during mid-day trading on Friday . The company traded as low as GBX 316.37 and last traded at GBX 322.22. Approximately 15,049,138 shares were traded during trading, a decline of 60% from the average session volume of 38,063,672 shares. The stock had previously closed at GBX 356.60.

Wall Street Analysts Forecast Growth

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

Airtel Africa Trading Down 9.6%

The company has a debt-to-equity ratio of 203.38, a current ratio of 0.57 and a quick ratio of 0.26. The firm has a fifty day simple moving average of GBX 336.80 and a 200-day simple moving average of GBX 346.34. The firm has a market cap of £11.70 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 0.58 and a beta of 0.47.

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.