Africa Oil Corp (AOIFF) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Africa Oil Corp (OTCMKTS:AOIFF) from a sell rating to a hold rating in a report issued on Thursday morning.

Separately, Zacks Investment Research raised shares of Africa Oil Corp from a hold rating to a strong-buy rating and set a $2.00 price target for the company in a research note on Monday, March 6th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $2.83.

Africa Oil Corp (OTCMKTS:AOIFF) traded up 1.39% during trading on Thursday, hitting $1.63. The stock had a trading volume of 31,270 shares. The company’s 50 day moving average is $1.58 and its 200 day moving average is $1.69. The firm’s market cap is $743.96 million. Africa Oil Corp has a 52-week low of $1.31 and a 52-week high of $2.14.

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