Airtel Africa (LON:AAF) Stock Price Up 0.5% – Still a Buy?

Shares of Airtel Africa Plc (LON:AAF) traded up 0.5% during trading on Monday . The stock traded as high as GBX 340.40 and last traded at GBX 326.93. 1,864,794 shares were traded during trading, a decline of 96% from the average session volume of 46,694,398 shares. The stock had previously closed at GBX 325.40.

Wall Street Analysts Forecast Growth

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

Airtel Africa Trading Down 3.3%

The company’s fifty day simple moving average is GBX 345.32 and its 200-day simple moving average is GBX 350.18. The firm has a market capitalization of £12.29 billion, a PE ratio of 18.16, a P/E/G ratio of 0.58 and a beta of 0.47. The company has a debt-to-equity ratio of 203.70, a current ratio of 0.58 and a quick ratio of 0.26.

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.