Airtel Africa (LON:AAF) Stock Price Up 2.5% – Here’s Why

Shares of Airtel Africa Plc (LON:AAFGet Free Report) shot up 2.5% during trading on Thursday . The company traded as high as GBX 356.60 and last traded at GBX 350.21. Approximately 1,996,853 shares were traded during trading, a decline of 95% from the average daily volume of 39,782,160 shares. The stock had previously closed at GBX 341.60.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on AAF

Airtel Africa Stock Performance

The company has a market cap of £12.64 billion, a PE ratio of 18.69, a PEG ratio of 0.58 and a beta of 0.47. The company has a current ratio of 0.57, a quick ratio of 0.26 and a debt-to-equity ratio of 203.38. The business’s 50 day moving average is GBX 333.76 and its two-hundred day moving average is GBX 346.56.

About Airtel Africa

(Get Free Report)

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.

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