Airtel Africa (LON:AAF) Trading Up 2.2% – Here’s What Happened

Airtel Africa Plc (LON:AAF)’s stock price rose 2.2% during mid-day trading on Wednesday . The stock traded as high as GBX 116.80 ($1.53) and last traded at GBX 116.50 ($1.52). Approximately 4,012,803 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 3,433,579 shares. The stock had previously closed at GBX 114 ($1.49).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Airtel Africa from GBX 150 ($1.96) to GBX 155 ($2.02) and gave the stock a “buy” rating in a report on Monday, September 23rd.

Airtel Africa Stock Up 2.2 %

The business’s fifty day moving average price is GBX 114.46 and its two-hundred day moving average price is GBX 114.81. The company has a current ratio of 0.52, a quick ratio of 0.26 and a debt-to-equity ratio of 180.85. The firm has a market cap of £4.30 billion, a P/E ratio of -3,883.33, a P/E/G ratio of 0.58 and a beta of 1.04.

About Airtel Africa

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.