Airtel Africa (LON:AAF) Stock Price Up 2.2% – What’s Next?

Airtel Africa Plc (LON:AAF)’s stock price rose 2.2% 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 were traded 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).

Wall Street Analyst Weigh In

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

Airtel Africa Stock Up 2.2 %

The stock 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. The company has a debt-to-equity ratio of 180.85, a quick ratio of 0.26 and a current ratio of 0.52. The stock’s fifty day simple moving average is GBX 114.46 and its 200-day simple moving average is GBX 114.81.

Airtel Africa Company Profile

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.