Airtel Africa (LON:AAF) Shares Down 5.2% – Here’s Why

Airtel Africa Plc (LON:AAF) shares dropped 5.2% during trading on Friday. The stock 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 restated a “buy” rating and set a GBX 450 target price 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, Airtel Africa has a consensus rating of “Buy” and a consensus target price of GBX 450.

Airtel Africa Stock Performance

The stock has a 50-day moving average of GBX 327.36 and a 200 day moving average of GBX 341.44. The company has a debt-to-equity ratio of 203.38, a current ratio of 0.57 and a quick ratio of 0.26. The stock has a market capitalization of £10.63 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 0.58 and a beta of 0.47.

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.