Airtel Africa Plc (LON:AAF) Insider Buys £15,750,000 in Stock

Airtel Africa Plc (LON:AAF) insider Shravin Bharti Mittal purchased 15,000,000 shares of Airtel Africa stock in a transaction on Friday, December 27th. The stock was purchased at an average price of GBX 105 ($1.31) per share, for a total transaction of £15,750,000 ($19,707,207.21).

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

• On Friday, November 22nd, Shravin Bharti Mittal bought 688,175 shares of Airtel Africa stock. The stock was purchased at an average price of GBX 98 ($1.23) per share, with a total value of £674,411.50 ($843,858.23).
• On Wednesday, November 20th, Shravin Bharti Mittal purchased 804,887 shares of Airtel Africa stock. The shares were acquired at an average price of GBX 96 ($1.20) per share, for a total transaction of £772,691.52 ($966,831.23).

Airtel Africa Trading Up 2.6 %

LON:AAF traded up GBX 2.90 ($0.04) during trading hours on Thursday, hitting GBX 116.50 ($1.46). The stock had a trading volume of 5,751,370 shares, compared to its average volume of 3,467,376. The business’s 50 day moving average is GBX 105 and its 200-day moving average is GBX 111.68. 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 company has a market cap of £4.30 billion, a price-to-earnings ratio of -3,883.33, a P/E/G ratio of 0.58 and a beta of 1.04. Airtel Africa Plc has a one year low of GBX 90.20 ($1.13) and a one year high of GBX 132.50 ($1.66).

Airtel Africa Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Airtel Africa from GBX 150 ($1.88) to GBX 155 ($1.94) and gave the company a “buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. lifted their target price on Airtel Africa from GBX 121 ($1.51) to GBX 128 ($1.60) and gave the company a “buy” rating in a research note on Wednesday, December 11th.

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.