Airtel Africa (LON:AAF) Trading Up 1.2% – What’s Next?

Airtel Africa Plc (LON:AAF)’s share price was up 1.2% during trading 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 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).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on Airtel Africa from GBX 150 ($1.89) to GBX 155 ($1.95) and gave the company a “buy” rating in a research report 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 stock has a market cap of £3.54 billion, a price-to-earnings ratio of -3,196.67, a PEG ratio of 0.58 and a beta of 1.04. The stock has a 50-day moving average price of GBX 111.30 and a two-hundred day moving average price of GBX 114.65.

Airtel Africa Cuts Dividend

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

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.