Insider Buying: Airtel Africa Plc (LON:AAF) Insider Acquires 804,887 Shares of Stock

Airtel Africa Plc (LON:AAF) insider Shravin Bharti Mittal bought 804,887 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average price of GBX 96 ($1.22) per share, with a total value of £772,691.52 ($979,578.50).

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 shares were acquired at an average price of GBX 98 ($1.24) per share, with a total value of £674,411.50 ($854,984.15).

Airtel Africa Stock Up 5.2 %

Shares of AAF opened at GBX 105 ($1.33) on Thursday. Airtel Africa Plc has a 52 week low of GBX 90.20 ($1.14) and a 52 week high of GBX 132.50 ($1.68). The stock has a market capitalization of £3.87 billion, a price-to-earnings ratio of -3,500.00, a PEG ratio of 0.58 and a beta of 1.04. 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 stock has a fifty day moving average of GBX 108.62 and a 200-day moving average of GBX 113.76.

Airtel Africa Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 7th will be paid a $0.03 dividend. This represents a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, November 7th. Airtel Africa’s payout ratio is -16,666.67%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft increased their price target on Airtel Africa from GBX 150 ($1.90) to GBX 155 ($1.97) and gave the company a “buy” rating in a research note on Monday, September 23rd.

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.