Airtel Africa (LON:AAF) Shares Up 1.2%

Airtel Africa Plc (LON:AAF)’s stock price traded up 1.2% during mid-day trading on Wednesday . The company 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 mid-day 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 Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Airtel Africa from GBX 130 ($1.62) to GBX 93 ($1.16) and set a “neutral” rating on the stock in a research report on Tuesday, February 20th. Barclays lowered their target price on Airtel Africa from GBX 170 ($2.12) to GBX 150 ($1.87) and set an “overweight” rating on the stock in a research report on Tuesday, February 6th.

Airtel Africa Price Performance

The company has a quick ratio of 0.26, a current ratio of 0.58 and a debt-to-equity ratio of 156.18. The firm has a market cap of £3.92 billion, a P/E ratio of 1,494.29, a PEG ratio of 0.58 and a beta of 1.01. The business has a fifty day moving average of GBX 99.31 and a 200 day moving average of GBX 112.14.

Insider Transactions at Airtel Africa

In related news, insider Shravin Bharti Mittal purchased 922 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average cost of GBX 100 ($1.24) per share, for a total transaction of £922 ($1,147.77). Corporate insiders own 72.85% of the company’s stock.

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.