Deutsche Bank Aktiengesellschaft Boosts Airtel Africa (LON:AAF) Price Target to GBX 155

Airtel Africa (LON:AAF) had its price objective hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 150 ($2.01) to GBX 155 ($2.08) in a report released on Monday, LSE.Co.UK reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 30.58% from the company’s current price.

Airtel Africa Stock Performance

Shares of Airtel Africa stock traded up GBX 0.20 ($0.00) during trading on Monday, reaching GBX 118.70 ($1.59). The company’s stock had a trading volume of 1,686,810 shares, compared to its average volume of 3,498,589. The company has a 50-day moving average price of GBX 114.06 and a two-hundred day moving average price of GBX 112.91. The firm has a market cap of £4.39 billion, a PE ratio of -3,956.67, a P/E/G ratio of 0.58 and a beta of 1.04. Airtel Africa has a fifty-two week low of GBX 90.20 ($1.21) and a fifty-two week high of GBX 132.50 ($1.77). The company has a current ratio of 0.52, a quick ratio of 0.26 and a debt-to-equity ratio of 180.85.

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.