Airtel Africa Plc (LON:AAF) Insider Buys £922 in Stock

Airtel Africa Plc (LON:AAF) insider Shravin Bharti Mittal bought 922 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of GBX 100 ($1.26) per share, with a total value of £922 ($1,165.17).

Airtel Africa Trading Up 1.0 %

Shares of LON:AAF opened at GBX 105.80 ($1.34) on Friday. The stock’s 50-day simple moving average is GBX 102.67 and its two-hundred day simple moving average is GBX 114.13. The stock has a market capitalization of £3.97 billion, a price-to-earnings ratio of 1,511.43, a PEG ratio of 0.58 and a beta of 1.01. Airtel Africa Plc has a 52-week low of GBX 90.20 ($1.14) and a 52-week high of GBX 135.80 ($1.72). The company has a debt-to-equity ratio of 156.18, a quick ratio of 0.26 and a current ratio of 0.58.

Analysts Set New Price Targets

A number of brokerages have recently commented on AAF. JPMorgan Chase & Co. reduced their price target on shares of Airtel Africa from GBX 130 ($1.64) to GBX 93 ($1.18) and set a “neutral” rating for the company in a research note on Tuesday, February 20th. Barclays decreased their target price on shares of Airtel Africa from GBX 170 ($2.15) to GBX 150 ($1.90) and set an “overweight” rating for the company in a research note on Tuesday, February 6th.

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.