Airtel Africa (LON:AAF) Stock Price Down 9.6% – Should You Sell?

Airtel Africa Plc (LON:AAF)’s share price fell 9.6% on Friday . The company traded as low as GBX 316.37 and last traded at GBX 322.22. 15,049,138 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 38,063,672 shares. The stock had previously closed at GBX 356.60.

Analyst Ratings Changes

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

Airtel Africa Stock Performance

The company has a 50-day moving average of GBX 336.80 and a 200-day moving average of GBX 346.34. The company has a market cap of £11.70 billion, a PE ratio of 17.32, a PEG ratio of 0.58 and a beta of 0.47. The company has a quick ratio of 0.26, a current ratio of 0.57 and a debt-to-equity ratio of 203.38.

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.