Airtel Africa Plc (LON:AAF - Get Free Report)'s stock price dropped 5.2% on Wednesday . The stock traded as low as GBX 105.80 ($1.39) and last traded at GBX 110 ($1.45). Approximately 8,417,639 shares changed hands during mid-day trading, an increase of 178% from the average daily volume of 3,027,375 shares. The stock had previously closed at GBX 116 ($1.53).
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. boosted their price objective on shares of Airtel Africa from GBX 93 ($1.22) to GBX 105 ($1.38) and gave the company a "neutral" rating in a research report on Wednesday, May 8th.
Read Our Latest Analysis on Airtel Africa
Airtel Africa Stock Performance
The company has a 50-day simple moving average of GBX 114.56 and a two-hundred day simple moving average of GBX 110.86. 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 firm has a market capitalization of £4.14 billion, a P/E ratio of -3,696.67, a PEG ratio of 0.58 and a beta of 1.04.
About Airtel Africa
(
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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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