Airtel Africa (LON:AAF) Trading Up 1.2% – Time to Buy?

Shares of Airtel Africa Plc (LON:AAF) rose 1.2% on Friday . The company traded as high as GBX 96.25 ($1.21) and last traded at GBX 95.90 ($1.21). Approximately 2,347,023 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 3,500,206 shares. The stock had previously closed at GBX 94.80 ($1.19).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Airtel Africa from GBX 150 ($1.89) to GBX 155 ($1.95) and gave the company a “buy” rating in a research note on Monday, September 23rd.

Airtel Africa Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.26 and a debt-to-equity ratio of 180.85. The business’s 50 day moving average price is GBX 110.98 and its two-hundred day moving average price is GBX 114.54. The stock has a market cap of £3.54 billion, a P/E ratio of -3,196.67, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04.

Airtel Africa Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 7th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, November 7th. This represents a yield of 1.74%. Airtel Africa’s payout ratio is -16,666.67%.

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.