Airtel Africa (LON:AAF) Trading Up 1.2% – Should You Buy?

Airtel Africa Plc (LON:AAF) was up 1.2% during trading on Friday . The stock traded as high as GBX 96.25 ($1.21) and last traded at GBX 95.90 ($1.21). Approximately 2,347,023 shares traded hands 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).

Analysts Set New Price Targets

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

Airtel Africa Trading Up 1.2 %

The stock has a market capitalization 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. 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. The company has a debt-to-equity ratio of 180.85, a quick ratio of 0.26 and a current ratio of 0.52.

Airtel Africa Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 7th will be issued a $0.03 dividend. This represents a yield of 1.74%. The ex-dividend date of this dividend is Thursday, November 7th. Airtel Africa’s dividend payout ratio (DPR) 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.