Airtel Africa (LON:AAF) Stock Falls 5.2% – What’s Next?

Airtel Africa Plc (LON:AAF)’s stock price was down 5.2% during mid-day trading on Friday. The company traded as low as GBX 287.80 and last traded at GBX 293.40. Approximately 3,851,757 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 35,465,813 shares. The stock had previously closed at GBX 309.60.

Wall Street Analyst Weigh In

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

Airtel Africa Trading Down 5.2%

The company has a market cap of £10.63 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 0.58 and a beta of 0.47. The company has a debt-to-equity ratio of 203.38, a quick ratio of 0.26 and a current ratio of 0.57. The business’s 50 day moving average price is GBX 327.36 and its 200-day moving average price is GBX 341.44.

About Airtel Africa

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.