JPMorgan Chase & Co. Increases Airtel Africa (LON:AAF) Price Target to GBX 128

Airtel Africa (LON:AAF - Get Free Report) had its price objective raised by analysts at JPMorgan Chase & Co. from GBX 121 ($1.54) to GBX 128 ($1.63) in a research report issued on Wednesday, MarketBeat.com reports. The firm presently has a "buy" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 19.63% from the company's current price.

Separately, Deutsche Bank Aktiengesellschaft upped their price target on Airtel Africa from GBX 150 ($1.91) to GBX 155 ($1.98) and gave the stock a "buy" rating in a research report on Monday, September 23rd.

Airtel Africa Stock Up 0.9 %

LON AAF traded up GBX 1 ($0.01) during trading hours on Wednesday, reaching GBX 107 ($1.36). 1,450,758 shares of the company's stock were exchanged, compared to its average volume of 3,394,293. 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 capitalization of £3.95 billion, a price-to-earnings ratio of -3,553.33, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The company's 50-day moving average is GBX 106.52 and its two-hundred day moving average is GBX 112.97. Airtel Africa has a one year low of GBX 90.20 ($1.15) and a one year high of GBX 132.50 ($1.69).

Insider Activity at Airtel Africa

In other Airtel Africa news, insider Shravin Bharti Mittal acquired 688,175 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was bought at an average cost of GBX 98 ($1.25) per share, with a total value of £674,411.50 ($860,328.49). 72.58% of the stock is owned by company insiders.

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.