Shravin Bharti Mittal Purchases 688,175 Shares of Airtel Africa Plc (LON:AAF) Stock

Airtel Africa Plc (LON:AAF) insider Shravin Bharti Mittal acquired 688,175 shares of the stock in a transaction on Friday, November 22nd. The stock was purchased at an average cost of GBX 98 ($1.24) per share, with a total value of £674,411.50 ($854,984.15).

Shravin Bharti Mittal also recently made the following trade(s):

• On Wednesday, November 20th, Shravin Bharti Mittal bought 804,887 shares of Airtel Africa stock. The stock was purchased at an average price of GBX 96 ($1.22) per share, with a total value of £772,691.52 ($979,578.50).

Airtel Africa Stock Performance

Airtel Africa stock opened at GBX 105 ($1.33) on Thursday. Airtel Africa Plc has a 52 week low of GBX 90.20 ($1.14) and a 52 week high of GBX 132.50 ($1.68). 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 £3.87 billion, a P/E ratio of -3,500.00, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The stock has a 50 day moving average of GBX 108.62 and a 200-day moving average of GBX 113.76.

Airtel Africa Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Airtel Africa from GBX 150 ($1.90) to GBX 155 ($1.97) and gave the company a “buy” rating in a research report on Monday, September 23rd.

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.