Airtel Africa (LON:AAF) Trading Up 2.2% – Still a Buy?

Airtel Africa Plc (LON:AAF) shares rose 2.2% during mid-day trading on Wednesday . The company traded as high as GBX 116.80 ($1.53) and last traded at GBX 116.50 ($1.52). Approximately 4,012,803 shares were traded during 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).

Wall Street Analyst Weigh In

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

Airtel Africa Price Performance

The company has a market capitalization of £4.33 billion, a price-to-earnings ratio of -3,913.33, a P/E/G ratio of 0.58 and a beta of 1.04. The company has a fifty day simple moving average of GBX 114.62 and a two-hundred day simple moving average of GBX 114.84. The company has a debt-to-equity ratio of 180.85, a quick ratio of 0.26 and a current ratio of 0.52.

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.