Airtel Africa (LON:AAF) Trading Up 0.2% – Time to Buy?

Airtel Africa Plc (LON:AAF)’s share price shot up 0.2% during mid-day trading on Thursday . The stock traded as high as GBX 328.20 and last traded at GBX 325.07. Approximately 7,628,169 shares were traded during trading, a decline of 81% from the average session volume of 41,157,848 shares. The stock had previously closed at GBX 324.40.

Wall Street Analysts Forecast Growth

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

Airtel Africa Price Performance

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 fifty day moving average is GBX 339.33 and its 200 day moving average is GBX 346.74. The company has a market cap of £11.81 billion, a P/E ratio of 17.48, a PEG 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.