Shravin Bharti Mittal Buys 688,175 Shares of Airtel Africa Plc (LON:AAF) Stock

Airtel Africa Plc (LON:AAF) insider Shravin Bharti Mittal purchased 688,175 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average price of GBX 98 ($1.25) per share, with a total value of £674,411.50 ($859,013.50).

Shravin Bharti Mittal also recently made the following trade(s):

• On Wednesday, November 20th, Shravin Bharti Mittal acquired 804,887 shares of Airtel Africa stock. The stock was acquired at an average price of GBX 96 ($1.22) per share, for a total transaction of £772,691.52 ($984,195.03).

Airtel Africa Stock Performance

Shares of AAF opened at GBX 105.50 ($1.34) on Friday. Airtel Africa Plc has a 52 week low of GBX 90.20 ($1.15) and a 52 week high of GBX 132.50 ($1.69). 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 has a market cap of £3.89 billion, a price-to-earnings ratio of -3,516.67, a PEG ratio of 0.58 and a beta of 1.04. The business has a 50-day simple moving average of GBX 108.03 and a two-hundred day simple moving average of GBX 113.61.

Airtel Africa Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upped their target price on shares of Airtel Africa from GBX 150 ($1.91) to GBX 155 ($1.97) and gave the company a “buy” rating in a report 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.