Airtel Africa Plc (LON:AAF - Get Free Report) insider Shravin Bharti Mittal bought 804,887 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average cost of GBX 96 ($1.21) per share, for a total transaction of £772,691.52 ($970,474.15).
Airtel Africa Stock Performance
AAF stock traded up GBX 0.95 ($0.01) during midday trading on Monday, hitting GBX 99.10 ($1.24). The company's stock had a trading volume of 2,723,309 shares, compared to its average volume of 3,460,417. The stock has a market cap of £3.66 billion, a price-to-earnings ratio of -3,303.33, a PEG ratio of 0.58 and a beta of 1.04. The company has a quick ratio of 0.26, a current ratio of 0.52 and a debt-to-equity ratio of 180.85. The stock's 50-day moving average price is GBX 108.91 and its 200 day moving average price is GBX 113.85. Airtel Africa Plc has a 1 year low of GBX 90.20 ($1.13) and a 1 year high of GBX 132.50 ($1.66).
Airtel Africa Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 7th will be issued a $0.03 dividend. This represents a dividend yield of 1.74%. The ex-dividend date is Thursday, November 7th. Airtel Africa's dividend payout ratio (DPR) is currently -16,666.67%.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Airtel Africa from GBX 150 ($1.88) to GBX 155 ($1.95) and gave the stock a "buy" rating in a report on Monday, September 23rd.
Get Our Latest Research Report on Airtel Africa
Airtel Africa Company Profile
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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.
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