Airtel Africa (LON:AAF) Shares Up 1.2%

Airtel Africa Plc (LON:AAF) shares shot up 1.2% during mid-day trading on Wednesday . The stock traded as high as GBX 105.40 ($1.31) and last traded at GBX 104.60 ($1.30). 2,311,465 shares were traded during trading, a decline of 16% from the average session volume of 2,737,910 shares. The stock had previously closed at GBX 103.40 ($1.29).

Wall Street Analysts Forecast Growth

AAF has been the subject of several recent analyst reports. Barclays decreased their target price on Airtel Africa from GBX 170 ($2.12) to GBX 150 ($1.87) and set an “overweight” rating for the company in a research note on Tuesday, February 6th. JPMorgan Chase & Co. decreased their target price on Airtel Africa from GBX 130 ($1.62) to GBX 93 ($1.16) and set a “neutral” rating for the company in a research note on Tuesday, February 20th.

Airtel Africa Stock Performance

The firm has a 50 day moving average of GBX 99.31 and a two-hundred day moving average of GBX 112.14. The stock has a market cap of £3.92 billion, a P/E ratio of 1,494.29, a P/E/G ratio of 0.58 and a beta of 1.01. The company has a debt-to-equity ratio of 156.18, a quick ratio of 0.26 and a current ratio of 0.58.

Insider Activity at Airtel Africa

In other news, insider Shravin Bharti Mittal purchased 922 shares of the business’s stock in a transaction on Monday, March 25th. The stock was purchased at an average price of GBX 100 ($1.24) per share, with a total value of £922 ($1,147.77). 72.85% of the stock is owned by corporate insiders.

Airtel Africa Company Profile

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.